Oil Hits Three-Week High as Escalating US-Iran Conflict Threatens Strait of Hormuz
() -- Oil rose to a three-week high early Monday after the conflict between the U.S. and Iran escalated over the weekend, fueling concerns about potential disruptions to global crude supplies. West Texas Intermediate crude oil was last seen up $2.40, or 3.4%, at $73.81, the highest since June 22, while September Brent