Brent topped $90/bbl after weekend escalation in US‑Iran hostilities, heightening inflation concerns and lifting market bets on Bank of England rate hikes in the coming months. Markets now price a total of 42bps of hikes to Bank Rate in 2026, 4bps hi

2026-07-20

Brent topped $90/bbl after weekend escalation in US‑Iran hostilities, heightening inflation concerns and lifting market bets on Bank of England rate hikes in the coming months. Markets now price a total of 42bps of hikes to Bank Rate in 2026, 4bps higher than on Friday.