Oil prices and stocks climbed on Monday as investors weighed a renewed exchange of military strikes between the United States and Iran against indications that both sides remain engaged in negotiations aimed at securing a lasting peace agreement.
The United States said it carried out a series of “self-defense” strikes in Iran over the weekend, the latest in a series of attacks in the past week. Those strikes followed an announcement by Iran’s Revolutionary Guard that it had struck a U.S. air base in retaliation for an early U.S. attack on a communications facility.
