Oil prices surged more than two percent on Monday, with Brent crude rising above $90 per barrel following a fresh escalation in the US-Iran conflict. The United States attacked Iranian rocket launchers on an island in the Strait of Hormuz, prompting Iran to retaliate against US military targets in Jordan. Wall Street stocks dipped as investors reacted to hawkish comments from Federal Reserve chief Kevin Warsh, while President Donald Trump vowed to respond to Iranian attacks.
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