Hostilities Climb Further In The Middle East With No Signs Of De-escalation. Oil Is Jumping More.

Source: International Business Times

Oil keeps climbing on Monday as the global energy industry faces mounting challenges. Mario Tama/Getty Images Oil prices keep rising on Monday as hostilities in the Middle East show no signs of de-escalation and a meeting between Gulf countries to discuss the reopening of the Hormuz Strait was postponed. Brent crude, the international benchmark, gained more than 3.