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Oil Soars As U.S.-Iran Negotiations Stall And Clashes Escalate Through The Middle East

Iran Israel Katz Middle East Oil United States Lebanon Hezbollah Tasnim

Oil is soaring on Monday as tensions escalate again in the Middle East. (Credit: Patrick T. Fallon/AFP via Getty Images)

Oil is soaring on Monday as negotiations between the U.S. and Iran stall and clashes escalate again throughout the Middle East.

Concretely, Brent crude, the international benchmark, climbed 6.80% and clocked in at $97.32 at 10:45 a.m. ET on Monday. West Texas Intermediate, the U.S. benchmark, climbed close to 8% and stood at $94.30 at the same time.

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