Oil prices surged more than 8 per cent to their highest in months on Monday (Mar 2) as Iran and Israel stepped up attacks in the Middle East. SINGAPORE: Oil prices surged more than 8 per cent to their highest in months on Monday (Mar 2) as Iran and Israel stepped up attacks in the Middle East, damaging tankers and disrupting shipments from the key producing region. Brent crude futures struck a high of US$82.37 a barrel and was at US$79.34, up US$6.47, or 8.88 per cent, by 11.05pm GMT (Monday, 7.