Oil prices shoot up, stocks trend downward as Middle East flare-up ripples into markets
Benchmark oil prices rose to $90 per barrel on Monday after the first flare-up in fighting between the U.S. and Iran in over a month.
TL;DR
- Benchmark oil prices reached $90 per barrel on Monday.
- The price increase followed a flare-up in fighting between the U.S. and Iran.
- This is the first such escalation in fighting in over a month.