Energy markets Tuesday reacted to escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend.

Oil prices experienced a significant rise on Monday, following a spike in tensions between the US and Iran. The US struck three Iranian oil tankers in a bold move, while Iran…

Oil prices rose as U.S. strikes on Iranian tankers and threats of stronger retaliation from Tehran intensified fears of further disruption around the Strait of Hormuz.