Sri Lanka, March 3 -- Oil prices have risen sharply, and stocks have slid as United States and Israeli attacks on Iran and retaliatory strikes against Israeli and US military installations in the Middle East have disrupted the global energy supply chain.

West Texas intermediate, the light, sweet crude oil produced in the US, was selling at US$ 72.79 a barrel early on Monday, up 8.6 percent from its trading price of about US $67 on Friday, according to data from the CME Group.

Discover more Police training equipment Business news subscriptions Newspaper advertising space A barrel of Brent crude, the international standard, was trading at US$ 79.41 per barrel early on Monday, according to FactSet, up 9 percent from its trading price of US...