Crude Oil Soars over 3.5% As Hezbollah Strikes Haifa

Tensions continue to soar in the Middle East, bringing oil prices along with them, as with Hezbollah firing rockets into Israel’s Haifa city on Monday, and the Israel defense forces intercepting a surface-surface missile fired from Yemen that set sirens blaring across the country. Oil prices are tracking nearly 3.5% upwards on Monday afternoon, as traders became increasingly convinced of a high-level Israeli attack on Iran. On Monday, October 7, at 2:30 p.m. ET, Brent crude was trading up 3.31% at $80.63, while West Texas Intermediate...