The U.S. And Iran Traded Fresh Threats. Oil Prices Climbed Back Above $100 a Barrel.

Oil prices are rising again on Monday as the U.S. and Iran trade fresh threats. (Credit: Getty Images)

Oil prices are rising again on Monday after the U.S. and Iran traded fresh threats and Russia reportedly reduced its natural gas forecasts for the year.

Brent crude, the international benchmark, climbed 2.35% and clocked in at $101.58 per barrel at 9:50 a.m. ET, while West Texas Intermediate, the U.S. benchmark, gained 1.66% and stood above $92 a barrel at the same time.