Oil Prices Surge as Israel Carries Out Airstrikes on Iran

Israel launched missile strikes against Iran in the early morning hours, a U.S. official told ABC News today. The news was later confirmed by Iranian media, which said the country’s air defense system took down three drones over the city of Isfahan, according to Al Jazeera. Flights to three cities including Tehran and Isfahan were suspended, Iranian media also reported. The news of the Israeli strike prompted a sharp spike in crude oil prices, which gained $3 per barrel earlier in the day. "If these reports turn out to…