Oil Price Today (July 22): Crude oil crosses $90, hits 2-month high as US strikes enter 11th day. $120 possible, say experts

Crude oil crossed the $90 per barrel mark on July 22, hitting a two-month high as US-Iran military strikes entered their 11th day. Brent crude rose past $92 while WTI traded near $85, with Goldman Sachs warning prices could reach $120 if Strait of Hormuz disruptions continue. Indian markets face heightened concerns as rising crude increases the import bill, fuels inflation, and pressures the rupee.