Oil prices have continued to climb after Iran and Israel fired missiles at each other for the first time since a ceasefire was agreed between the sides and the US in April.
The price of the global benchmark Brent was up by 4.5% at $97.30 (£73) a barrel, while US-traded crude gained by 4.3% to around $94.50.
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It is too early to say whether the strikes mark a full escalation of the war, but traders are again pricing in risks to global oil markets, said Associate Professor Jiajia Yang from James Cook University in Australia.
Asian markets fell sharply on Monday, with major indexes like South Korea’s Kospi falling by nearly 8%.
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