Oil prices remain above $100 per barrel as Iran attacks continue into third week of war

Crude oil stayed above $100 per barrel on Monday as Iran continued attacking Gulf targets, with Brent crude up 2.5% to $105.70 and U.S. crude up 1.6% to $100.29. Iran has been regularly hitting Israel, American bases, and Gulf Arab neighbors' energy infrastructure since being attacked by the U.S. and Israel over two weeks ago, and has effectively stopped cargo traffic through the Strait of Hormuz. More than 12 million barrels of oil equivalent per day have been taken offline according to Rystad Energy.