Oil prices climb more than $3 after Israeli strikes on Lebanon

Iran retaliated with missile attacks on Israel

Trump reportedly urged Netanyahu not to respond

Brent oil prices jumped more than $3 a ‌barrel on Monday, initially spooked by Israel's launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran.
Sounds of blasts were heard – in Tehran, Tabriz and Isfahan, local media reported early on ​Monday, eroding hopes for an imminent end to the wider war and a restart to crude ​flows through the Strait of Hormuz.

Source: Reuters