Oil prices surge higher as US and Iran exchange fire for first time in a month
Oil prices rose on Monday as the US and Iran exchanged fire for the first time in roughly one month.
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Live updates: House returns with shutdown bill on tap; US strikes Iran as report reveals warnings to Hegseth
The U.S. resumed strikes on Iran on Sunday, hitting rocket launchers on Larak Island that U.S. Central Command said were ready to deploy mines into the Strait of Hormuz. The United Arab Emirates said Iran retaliated by sending drones toward the American ally. Oil prices jumped Monday morning upon the return to military action after…