Prices rise for third day as fresh fighting flares up in the Middle East

(Bloomberg) -- Oil climbed as tensions remained elevated in the Middle East, with negotiations over a permanent US-Iran ceasefire showing little sign of a breakthrough.

Oil prices jumped and equities struggled on Monday as Middle East peace talks stumbled and tensions mounted between Iran and the United States.Crude futures shot around seven…

Analysts expect two-sided risks as a slump in demand competes with supply losses from the Middle East