Iran war live: Israel and Iran strike each other for first time since ceasefire
By Brook News
Jun 8, 20262 min read
What's happening? Israel strikes Iran in latest escalation Attacks follow Iranian strikes on Israel after Israeli strikes on Beirut US President Donald Trump says negotiations won't be derailed Trump has pushed Israeli Prime Minister Benjamin Netanyahu to stop attacks If you can't see the content of video posts, please adjust your cookie settings
Oil prices rise more than $4
Colleen Howe and Helen Clark Oil prices rise more than $4
March 23, 2026. REUTERS/Dado Ruvic/Illustration
Oil prices jumped more than $4 on Monday, with investors spooked by the fresh Israeli strikes on Iran as well as Sunday's attacks on Lebanon.
Brent crude futures rose $4.42 or 4.47% to $97.15 a barrel as of 0609 GMT, while U.S. crude futures were up $4.07 or 4.50% at $94.61 per barrel.
Hopes are now eroding for an imminent end to the wider war and a restart to crude flows through the Strait of Hormuz, through which roughly a fifth of the world’s oil and liquefied natural gas used to transit.
Oil prices have climbed just under 60% since the start of the war in late February but remain below highs marked in March when Brent reached nearly $120 per barrel.
Wait, what happened to the ceasefires?
Kay Johnson and Christina Anagnostopoulos Wait, what happened to the ceasefires?
Smoke billows following Israeli strikes as seen from Nabatieh, Lebanon, June 3, 2026. REUTERS/Stringer
The war with Iran that began with U.S.-Israeli airstrikes that killed Iran's supreme leader on February 28 has two ceasefires - both of of them fragile and both newly at risk with Monday's new dueling airstrikes.
A U.S.-Iranian ceasefire announced by Trump on April 7 has largely held, though there have been several attacks by each side.