Crude Oil Prices LIVE: MCX crude oil price jumps 7%; Brent oil, WTI crude on the boil amid US-Israel-Iran war

Crude Oil Prices LIVE: Crude oil prices jumped over 7% to multi-months high levels on Monday as war in the Middle East escalated, following US and Israeli military strikes on Iran, with the vital Strait of Hormuz effectively shut, several tankers damaged and shipments disrupted from the key producing region.

Brent crude futures prices surged to $82.37, the highest since January 2025, after the US and Israel launched strikes on Iran and killed its Supreme Leader Ali Khamenei on Saturday.

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