NEW YORK (AP) — Oil prices rose on Monday after Israel and Iran exchanged direct strikes, adding to earlier unrest involving Israeli attacks in Lebanon, according to market data and commodity analysts. Brent crude and U.S. benchmark West Texas Intermediate both moved higher as traders weighed the risk of supply disruptions from one of the world’s most important oil-producing regions.

The price surge followed reports of Iranian missile strikes on Israel and Israeli airstrikes on targets inside Iran, marking the most significant direct confrontation between the two countries since a ceasefire earlier this year. Market analysts said the escalation increased concerns about potential threats to regional infrastructure and shipping lanes, including routes critical to global crude exports. Additional pressure came from earlier Israeli strikes in Lebanon, which helped trigger broader regional tensions before the latest exchange.