By Boluwatife Oshadiya | June 8, 2026 Key Points Main Story Global oil prices surged on Monday as renewed military exchanges between Israel and Iran heightened concerns about potential disruptions to crude supplies from the Middle East. Brent crude, the international benchmark, rose approximately 4.9% to $97.69 per barrel from its previous close of $93.09. … Continue reading Oil prices jump nearly 5% as Israel-Iran conflict escalates