Brent crude futures rose by about 2.2 percent to about $79.8 per barrel, while US West Texas Intermediate crude futures rose by about 2.7 percent to more than $76.3 per barrel.
Last week, Brent rose by more than eight percent, its largest weekly rise since January 2023, while West Texas Intermediate rose 9.1 percent, its largest weekly rise since March 2023.
Israel bombed Hezbollah targets Lebanon And the Gaza Strip, on Sunday, the eve of the first anniversary of the October 7 attacks. The Israeli Defense Minister said that all options are on the table to respond to Iran.
This came after Iran launched a missile attack on Israel In response to Israeli operations in Lebanon and Gaza.
