Oil rose and Treasuries fell after the US launched another round of strikes against Iran, reviving concern that higher energy prices will keep inflation elevated and interest rates higher for longer.

CENTCOM said Sunday night that the U.S. is carrying out yet another round of attacks against Iran. Olivia Rinaldi reports.

The continued cycle of attacks between Iran and the United States in the Persian Gulf posed fresh risks to ships seeking to navigate the Strait of Hormuz, testing markets on Sunda

Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by ​the United States, threatening energy shipments via the Strait of Hormuz. Brent ‌crude futures climbed $2.34,