Iran conflicts escalate risks oil supply, traders bet on oil prices soaring.

According to the Wisdom Financial News app, oil prices continued to rise at the beginning of this week following mutual attacks by Israel and Iran on each other's territory over the weekend. Oil analysts are closely watching the further upward trend in oil prices, as the escalated situation increases the risks faced by oil supply in the Middle East region. Brent crude oil prices surged by 5.5% at one point, then the gains narrowed, and it is currently above $76 per barrel. Meanwhile, WTI crude oil prices are close to $75 per barrel.