Oil prices spike over 4% as Iran and Israel trade strikes
Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.
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Why it mattersIran and Israel striking each other threatens the fragile ceasefire between the U.S. and Iran has been in place since early April.
By Michael·49m agoWhy it mattersEnergy markets are pricing in real geopolitical risk; crude price spikes ripple through gasoline costs, inflation, and Fed policy decisions that affect household budgets and investment returns.
Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.
By Michael·8h ago
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