India, June 8 -- Oil prices jumped more than 4 percent on Monday, rebounding from a two-session decline after Iran and Israel exchanged missile strikes, derailing U.S. President Donald Trump's efforts to secure a peace deal.
Brent crude futures for August delivery were up 4.4 percent at $97.16 a barrel, while WTI crude futures for July delivery jumped 4.3 percent to $94.44.
Middle East peace hopes faded after Israel struck Hezbollah targets in Beirut's southern suburbs over the weekend and Iran retaliated by launching a volley of missile strikes against Israel.
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