Oil prices shoot up, stocks trend downward as Middle East flare-up ripples into markets

Benchmark oil prices rose to $90 per barrel Monday morning after the first flare-up in fighting between the U.S. and Iran in over a month.

U.S. stocks dipped, and Brent crude prices rose after the U.S. military struck two Iranian missile launchers on Larak Island on Sunday, saying the Islamic regime was planning to launch mines into the Strait of Hormuz.

President Trump on Monday posted an artificial intelligence-generated video depicting attacks on Iran's Kharg Island, its main oil depot...