Oil jumps back above $70 as fresh U.S.-Iran clashes reignite Middle East supply fears

Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East.

# Oil jumps back above $70 as fresh U.S.-Iran clashes reignite Middle East supply fears Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East. **Read the full article:** [CNBC](https://www.cnbc.com/2026/06/29/oil-prices-wti-brent-crude-us-iran-strikes-strait-hormuz-talks.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*