Oil prices jumped on Monday as tensions in the Middle East flared up once again, raising fresh concerns over global oil supplies. Global crude benchmarks gained more than 3% as the crisis entered has now crossed 100 days, with peace efforts continuing to yield little progress.

Oil prices jumped more than 3% on Monday after Iran launched missiles at Israel, raising fears of a wider regional conflict and renewed disruption to energy supplies. The gains…

Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.