India, July 13 -- US Israel Iran War Latest News: Global oil prices climbed more than 4% on Monday after fresh military exchanges between the United States and Iran renewed fears of a wider conflict in the Middle East. The latest escalation also weighed on Asian stock markets, with South Korea leading regional losses as technology stocks came under renewed selling pressure. The renewed hostilities come despite ongoing diplomatic efforts aimed at preserving a fragile ceasefire and preventing further disruption in the Strait of Hormuz, one of the world's most important oil shipping routes.

US Israel Iran War Latest News: Oil Prices Jump Over 4% After Fresh US-Iran Military Strikes

International benchmark crude oil prices rebounded sharply...