Oil Prices Rise After the US and Iran Exchange Strikes

The New York Times reported that oil prices rose as fears of supply disruption increased after the United States and Iran exchanged strikes. Brent crude, the global oil benchmark, climbed to about $97 a barrel on Monday. The US national average gasoline price reached $4.15 a gallon, showing the conflict’s transmission into energy costs as markets watched for further military action and effects on supply routes.