The U.S. has launched strikes against Iran for 11 consecutive days, citing a need to "degrade Iran's ability to threaten commercial shipping."

Global oil prices on Tuesday notched their largest two-day rise since mid-March, buoyed by further escalation in the U.S.-Iran conflict.

Brent crude briefly topped $95 a barrel Wednesday after an 11th consecutive night of U.S. strikes against Iran, with Fed rate hike odds climbing

CNN News Central’s John Berman and CNN Senior Business Reporter David Goldman go over what’s causing oil prices to rise over the past week and what this will mean for consumers.

Brent, the international oil benchmark, reached $87 per barrel on Tuesday after Trump said he'd impose a 20% toll on ships in the Strait of Hormuz.

Bond yields continued to climb on Wednesday as oil prices rose amid an escalating conflict in the Middle East.

Fuel prices in Malaysia will rise for the second consecutive week, following a period of reductions and price stability between May 28 and July 15, the finance ministry announced on Wednesday (July 22).

By Jiaxing Li HONG KONG, July 21 (Reuters) - The U.S. dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy supplies while hopes for a ceasefire offered some relief.

Tech stocks slump Wednesday ahead of the first big earnings of the season from the hyperscalers and as bond yields and oil rise on U.S.-Iran escalation