Oil prices climbed 5% after three straight days of losses as fighting resumed in the Middle East, ending several days of relative calm and reviving concerns over potential disruptions to energy supplies. The move followed a report from the U.S. military that it had intercepted an Iranian "surprise attack" on its forces and responded with strikes against the Islamic Republic.
Brent crude jumped 5% to around $88 a barrel, recovering after its biggest three-day decline since April 2020. The U.S. West Texas Intermediate (WTI) crude advanced $.67, or .47%, to $83.
