Middle East Conflict Drives Up Oil Prices

Wall Street opened lower on Monday as clashes in the Middle East sent oil prices surging. The price of crude oil, which is a key component of gasoline and other fuels, rose by $1.30 to around $67 per barrel.

The increase in oil prices weighed down energy stocks, leading to a decline in overall market sentiment. This comes as investors remain cautious about the ongoing conflict in the region, which has raised concerns about global supply and price stability.