US-Iran war, March 30 -- Oil prices extended their rally on Monday, March 30, with Brent crude on track for a record monthly surge, after Yemeni Houthi forces carried out their first attacks on Israel over the weekend, further escalating the US-Israel conflict with Iran in the Middle East.

Brent crude climbed as much as 3.7% to $116.75 per barrel on Monday, while West Texas Intermediate rose above $100 before trimming its gains.

Back home, crude oil prices on Multi Commodity Exchange (MCX) also witnessed a similar upward movement, rising as much as 2% to Rs.9,573 per barrel.

Brent crude has rallied around 60% in March and is set for its third monthly gain as escalating tensions between the US and Iran disrupted global markets and heigh...