Oil prices climbed, and stock markets slumped Monday as Middle East war continues

Oil prices climbed, and stock markets slumped Monday as investors and households got the first chance to see what the war in the Middle East could mean for their finances. Crude prices jumped more than 6%, which will likely translate into higher prices at gasoline pumps, because of fears that a widening war could slow the global flow of oil. More expensive fuel will also hit many U.S. companies, and sinking stocks for airlines, cruise lines and others helped drag the U.S. stock market lower.Prices shot up for natural gas, meanwhile, which could mean higher heating bills for the remainder of the winter, after a major supplier of liquefied natural gas to Europe said it would stop production because of the war. Gold climbed 2.2% as investors looked for safer things to own and as U.S. officials tried to persuade the world that this war will not last forever. Should expect a price hike on oil and Gas amid middle east war ?