A weekend of retaliatory missile strikes between Iran and Israel leaves the area facing fears of a broader conflict, pushing oil prices near year-to-date highs.

Israel has launched a series of strikes against Iran, targeting the country’s nuclear program and other military infrastructure. Iran has launched its own strikes in retaliation.

Oil prices climbed on Monday, extending Friday's rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East.

One missile fell near the American consulate in Tel Aviv, causing minor damage, U.S. Ambassador Mike Huckabee said.

As the Iran-Israel conflict intensifies, the U.S. deploys the USS Nimitz aircraft carrier along with support tankers to bolster military readiness.

An exchange of strikes on refineries and gas facilities was limited but raised the risks to an industry with broad economic impacts.

A series of loud explosions are heard in central Israel as the military says it carried out intelligence-based strikes in Tehran.