The U.S. oil benchmark hovered around $71 per barrel on June 16—about where it started the year—but up roughly 9% from a week prior. The current price tag is considered a relatively healthy value—profitable for most oil producers without creating particularly high fuel prices.

Israel’s attack on Iranian nuclear facilities has escalated to back-and-forth missile volleys that continue as we write.

Crude oil continued its climb Monday amid ongoing tensions between Israel and Iran.