Cheyenne Suarez

Oil prices climb 3 percent after Iranian missile strikes on Israel

Customers fill up their vehicle's tank at a gas station in Quezon City on October 8, 2018. Petroleum companies are set to increase oil prices the next day, marking the 9th consecutive week of oil price hikes. Mark Demayo, ABS-CBN News

Article (news)

Agence France-Presse

<div> </div>TOKYO — Oil prices rose more than three percent on Monday when markets reopened after the weekend, reflecting renewed concerns over Iran&#x27;s first attack on Israel since an April 8 ceasefire.In early trading, the price of Brent crude, the international benchmark, climbed 3.29 percent to $96.15 a barrel.Its US equivalent, West Texas Intermediate (WTI), rose 3.25 percent to $93.48 a barrel.Tehran fired several missiles at Israel on Sunday, which Israel claimed to have intercepted. The strikes put new strain on a fragile ceasefire on the 100th day of the war in the Middle East.

Oil prices rose more than three percent on Monday when markets reopened after the weekend, reflecting renewed concerns over Iran's first attack on Israel since an April 8 ceasefire.

Oil prices rose more than three percent on Monday when markets reopened after the weekend, reflecting renewed concerns over Iran's first attack on Israel since an April 8 ceasefire.