Oil prices rise as the U.S. and Iran fight over control of Strait of Hormuz

By CBS News

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Oil prices rose on Monday as the conflict between the U.S. and Iran intensified days after President Trump declared the countries' ceasefire agreement to be over. Iran claimed the Strait of Hormuz was closed as both sides exchanged more strikes over the weekend. Kristin Myers, ETF editor-in-chief at ASSET TV, joins CBS News to share her predictions. CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries. Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews Watch CBS News 24/7: https://cbsnews.com/live/ Downlo

Tags: Iran, Oil and Gas, Strait of Hormuz, CBS News 24-7 Clips, U.S., World