Oil prices jump after US and Iran escalate strikes in the Middle East
Import-dependent economies like the Philippines brace for higher fuel costs
Australia's benchmark S&P/ASX 200 Index fell 35.8 points, or 0.41%, to 8,770.2 by early Monday afternoon, retreating from a positive open as escalating tensions in the Middle East and lingering concerns over the country's growth outlook weighed on sentiment across the local market.
Oil Prices Rise After U.S. and Iran Exchange New Rounds of Attacks
Brent futures for September delivery stood at $79.29 a barrel as of 02:00 GMT, the highest since June 22.










