Oil prices jump as Iran attacks UAE, US warships enter Hormuz

<p>Oil prices jumped on Monday after a drone strike sparked a fire at an Emirati energy installation following US warships crossing the crucial Strait of Hormuz. </p><p>Seoul and Taipei hit record highs Monday as Asian traders joined the rally in tech shares, but US equity indices retreated from record finishes last week.</p><p>Oil prices climbed, with the benchmark international contract Brent crude for July delivery jumping more than five percent, after a drone strike caused a fire at an energy installation in the emirate of Fujairah, authorities said Monday.</p>