Oil prices climbed over 2% on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged "everyone" to evacuate Tehran, increasing the prospect of deepening unrest in the region and disruption to oil supply.

The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.

The Environmental Protection Agency has told staff overseeing the country’s industrialized Midwest– a region plagued by a legacy of pollution– to stop enforcing violations against the fossil fuel companies,

Investors are regaining some appetite for risk amid rising optimism that the conflict won't spill over into a broader regional crisis.

Calm returned to Wall Street, and U.S. stocks rallied, while oil prices gave back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.

With the exception of Russia’s invasion of Ukraine, big swings in oil have been driven by broader geoeconomic trends

Investors grew optimistic about a quick de-escalation in the Israel-Iran conflict on Monday, reversing course after a tough Friday. Here's how two market participants viewed the action. “The geopolitical risks remain high,

Importantly, this shift in positioning occurred before last Friday’s dramatic escalation in the Middle East, when Israel launched strikes on Iranian nuclear facilities and senior military targets,” said Ole Hansen,

Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit.

Global shares have advanced and oil prices have fallen back slightly as Iran unleashed a fresh wave of missile attacks on Israel early Monday.

Oil prices have risen in response to the Israel-Iran war, bringing them nearly back to the levels where they traded before the Liberation Day tariffs were announced on April 2. Oil stocks are trailing well behind.