00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Oil prices rose to nearly two-week highs as the U.S.-Israel war on Iran escalated,
00:07according to Al Jazeera. Brent crude climbed more than 3 percent Monday to above $116 per barrel
00:14after briefly reaching $119 on March 19. Iran warned it was prepared for a U.S. ground invasion
00:21as fighting expanded, with Iranian-backed Houthis launching missiles at Israel and
00:26Israel widening its invasion of southern Lebanon. Iran's effective closure of the Strait of Hormuz
00:31disrupted about one-fifth of global oil and LNG supplies and drove oil prices up nearly 60 percent
00:37since the war began. Asian markets fell sharply, while Trump threatened to obliterate
00:43Iran's energy infrastructure if the strait is not reopened by April 6th.
00:48For all things money, visit Benzinga.com.
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