Oil prices jump after Iran attacks UAE as U.S. tries to open Strait of Hormuz
Oil prices jumped Monday after Iran attacked the United Arab Emirates, jeopardizing a fragile ceasefire agreement between Tehran and Washington. International benchmark Brent crude futures rose nearly 6% to close at $114.44 per barrel. U.S. West Texas Intermediate futures advanced more than 4% to settle at $106.42 per barrel. The UAE’s Defense Ministry said in a social media post…