Oil tops $90 as Middle East fighting escalates

Data: Financial Modeling Prep; Chart: Ben Geman/Axios Oil prices jumped above $90 per barrel Sunday in the first major trading since the deaths of three U.S. service members and escalating Middle East hostilities. Why it matters: Higher oil prices could quickly translate into more expensive gasoline for consumers and diesel for freight carriers while increasing inflation risks worldwide. Context: Brent crude's move above $90 a barrel — its first since mid-June — builds on last week's gains…