Here’s how the Israel-Iran conflict affects the oil market

News Snapshot:

London CNN — Iran’s unprecedented attack on Israel over the weekend has ratcheted up tensions in the oil-rich Middle East yet again, threatening to send fuel prices skyward if the conflict escalates and disrupts global supplies. Iran launched scores of missiles toward Israel late Saturday in retaliation for a suspected Israeli strike on an Iranian diplomatic complex in Syria on April 1. Israel’s military said that “99%” of the more than 300 projectiles were intercepted. Oil prices spiked Friday to levels not seen since October in anticipation of just such an escalation but on Monday were subdued. Brent, the global...