Oil jumps back above $70 as fresh U.S.-Iran clashes reignite Middle East supply fears

Oil prices climbed back above seventy dollars a barrel Monday as renewed military tensions between the United States and Iran reignited concerns about crude supplies from the Middle East. According to CNBC, the clashes have spooked global energy markets, with supply worries from a critical oil-producing region driving the increase.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton