Oil prices hit 5-month high after US strikes Iran nuclear sites

Oil prices were up in Asia on Monday morning.

Jesus Hellin/Europa Press/Getty Images

• Oil prices surged after the US struck Iran's nuclear facilities on Sunday.
• Tensions rose as Iran has threatened to block the Strait of Hormuz, a key oil passage.
• Goldman Sachs warned of potential oil price spikes if Iranian supply drops significantly.

Oil prices jumped to a five-month high in Asia on Monday morning in their first trading day after the US struck Iran's nuclear facilities on Sunday.