Oil prices spike over US-Israeli strikes on Iran

Brent crude briefly surged to a 14-month high as the attacks plunged the Middle East into renewed conflict

Global oil prices jumped by as much as 13% on Monday after intense US-Israeli strikes on Iran triggered major concerns about global economic disruption. Tanker traffic through the Strait of Hormuz has already been heavily impacted as attacks continue across the Middle East.

The Strait of Hormuz, the narrow waterway between Iran and Oman...