Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

Israel’s strike on Saturday triggered a powerful explosion and fire at a natural gas processing facility linked to Iran’s giant South Pars field

An Iranian lawmaker said closure of the Strait of Hormuz, a critical chokepoint in the global energy trade, was under serious consideration.

An all-out war between Israel and Iran would pose a serious threat to eastern Mediterranean natural-gas fields — and risk spilling into Europe’s liquefied natural gas supply.

The local sharemarket is set to follow Wall Street lower on Monday as investors brace for wild swings in oil prices amid escalating tensions in the Middle East.

Helima Croft, RBC, joins 'Closing Bell Overtime' to talk the state of the crude oil market amid rising tensions in the Middle East.

Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and pushing prices higher.

Israel’s strike on Iran has injected a fresh bout of geopolitical risk into an oil market that has been in the doldrums due to concerns about the global economy and supply increases from OPEC+.