Oil prices rise as Israel weighs response to Iran attack

News Snapshot:

After Iran’s strike on Israel over the weekend turned out to be less devastating than expected, fears of a rapidly escalating conflict that may replace barrels of crude oil initially subsided. However, oil prices closed Monday’s session down Tuesday saw an increase in oil prices due to increased Middle East tensions following Israel’s military chief’s declaration that his nation will retaliate against Iran for its weekend missile and drone strike, despite requests from allies for moderation. By 0005 GMT, June delivery Brent futures had increased by 46 cents, or 0.5%, to $90.56 per barrel. May delivery of U.S. oil futures...