Rebecca F. Elliott and Joe Rennison
Oil prices surged on Monday in a sign of growing concern that the war in the Middle East will continue to take a toll on energy supplies, raising gas prices for American consumers and weighing on the stock market.
Brent crude, the international oil benchmark, rose above $100 a barrel for the first time in roughly four years, before settling just below that level. That left oil up around 37 percent since the United States and Israel began attacking Iran on Feb. 28.
In Asia, where economies are heavily dependent on imported oil from the Middle East, stocks tumbled broadly. South Korea’s Kospi index fell almost 6 percent. Japan’s Nikkei 225 benchmark fell 5.2 percent.
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