Oil Prices Jump as Middle East Tensions Heat Up

In a dramatic response to recent hostilities, oil futures experienced a significant uptick, climbing more than 1.5% this Tuesday. This surge comes in the wake of Israel's counter-attack on targets across Yemen, a move that was prompted by the Houthi movement's strike on Ben-Gurion Airport in Tel Aviv.

Market Reactions: West Texas Intermediate (WTI) for June deliveries saw a 1.54% increase, trading at $58.08 per barrel by 12:02 am ET. Shortly after, Brent crude for July settlements followed suit, marking a 1.56% rise to $61.19 per barrel.