Oil prices soared as tensions escalated between the United States and Iran. Monday saw global markets react quickly amid reports of renewed military confrontations.
Brent crude's barrel price surged over two percent early Monday in Europe.
American WTI crude similarly rose, exceeding two percent increase in global trading. Both surges followed new attacks exchanged between the United States and Iran.
American military launched airstrikes against Iranian targets for the first time in weeks. Iran responded by bombarding American positions in Jordan, escalating the conflict further.