Oil prices jumped more than 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month.

(Bloomberg) -- Oil jumped in early Asia trading as Middle East tensions accelerated, while the dollar held gains after hawkish comments from Federal Reserve Chair Kevin Warsh…

Oil rises Monday, amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday.