Iran-Israel conflict affected global oil prices
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Oil prices climbed on Monday, extending Friday's rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East.
An exchange of strikes on refineries and gas facilities was limited but raised the risks to an industry with broad economic impacts.
Keep an eye out for signs of labor-market weakness, as well as the risk that rising oil prices could put more upward pressure on inflation.