Oil prices surge 20% as expanding US-Israeli war with Iran cuts supplies from Mideast
Tomas Kauer - News Moderator 
Oil prices surged about 20% on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran led some major Middle Eastern oil producers to cut supplies and on fears of prolonged disruption to shipping through the Strait of Hormuz chokepoint. 
