Oil climbed early Monday with investors squarely focused on escalating geopolitical tensions as Israel and Iran continue to bombard each other with no sign of a pause.Brent crude rose as much as 5.5% in early Asian trading after Israel and Iran continued attacks on one another’s territories over the weekend.

Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.

Netanyahu began warning about the threat of a nuclear-armed Iran in the 1990s — even before his first term as prime minister at the end of the decade. He returned to office in 2