Oil prices rise to six-week highs on worsening Middle East conflict

NEW YORK — Oil prices rose to a six-week high on Monday (Sept 7) as Iran vowed to strike energy infrastructure across the Middle East in response to further US attacks on its assets, the latest escalation in a conflict that has sharply reduced oil supply from the region.Brent crude futures rose US$1.03 (S$1.30), or 1.1 per cent, to settle...