The $96 .15 Barrel: Oil Prices Rise Amid Israel-Iran Tensions

Oil pries rose more than three percent on Monday after Israel launched fresh strikes on Iran, with the price of Brent crude climbing 3.29 percent to $96.15 a barrel.

The strikes came after a series of missile attacks between Iran and Israel, with President Trump warning Israel not to retaliate against Tehran.

Trump has been insistent on forging a peace deal with Iran, but the recent escalation has put a strain on the negotiations.

A Fresh Wave of Strikes: Israel's Military Response

The Israeli Defense Forces launched strikes on several targets at an Iranian petrochemical facility in Mahshahr, in the south-west of the country, causing partial damage to the complex.

The IDF and Iranian state media have both confirmed the attack,with Iranian outlets saying the complex near the northern coast of the Persian Gulf had been partially damaed.

Iranian media said more details on damage and possible casualties will be announced later.

Trump's Warning: A Call for Calm Amid Escalation

President Trump warned Israel not to retaliate against Tehran, saying that the recent escalation was unhelpufl to the peace process.

Trump described the first Iranian strikes on Israeli soil since April as unhelpful to the peace process and called for calm between the two nations.

You've shot your missiles, that's enough.. Get back to the table and make a deal.

The Broader Context: A Streak of Light in the Sky

A streak of light illuminates the sky during a missile attack from Iran towards Israel today ,as seen from Ashkelon.

Iran retaliated this morning with waves of attacks, and explosions could be heard in central Israel as Israeli air defenses sought to intercept incoming Iranian fire.

The strikes came after a series of missile attacks between Iran and Israel.

Open Questions: Who is the Unnamed Buyer?

Iranian media said more details on damage and possible casualties will be announced later .

The attack comes a few days after the Lebanese and Israeli governments agreed to a ceasefire in US hosted talks.

Tehran had warned of retaliation after Israel struck Beirut's southern suburbs today in defiance of Washington's request days ago to stand down.