The price of oil surged Sunday after U.S. and Israeli strikes on Iran, which led to the death of the country's supreme leader. U.S. crude oil soared 12% while Brent, the international oil benchmark, surged 14% after trading began at 6 p.

Israel and Iran continued to trade fire yesterday, with Iranian drone and missile barrages setting off sirens across Israel and hitting ports in Dubai and Oman. At least 45 people were reported killed yesterday across the region.

Oil prices rose sharply when market trading began Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.

Global oil prices have jumped after at least three ships were attacked near the Strait of Hormuz, as Iran continues to launch strikes across the Middle East in response to ongoing attacks by the US and Israel.