Oil Prices Soar as US Hits Iranian Sites

Oil prices rose on Monday after the US launched its first military action in a month against Iran, while stocks fell on Wall Street.

The price of oil increased due to concerns about supply disruptions and potential retaliation from Iran. The move also weighed on stocks, with major indexes closing lower for the day.

Specialists Dilip Patel and Trader Robert Charmak were seen working on the floor of the New York Stock Exchange as the market reacted to the news.