Brent crude oil hit $89.93 per barrel on July 21, up $20.50 year-over-year. Here's why rising energy prices matter for Bitcoin and crypto

Brent crude surged past $90 as the US-Iran conflict entered its tenth day, pressuring Bitcoin and crypto markets amid rising inflation fears.

Brent crude surpassed $90 per barrel as escalating US-Iran attacks disrupted energy shipments through the Strait of Hormuz, raising concerns over global inventory impacts.