Brent Crude Passes $80 on Expected Israeli Attack on Iran

Brent crude on Monday was up nearly 3%, breaking past the $80 threshold as markets attempted to cautiously price in a potential supply disruption should Israel attack Iran’s oil and gas facilities.  On Monday at 11:43 a.m. ET, Brent crude was trading up 2.86% at $80.28, for a gain of $2.23 on the day, while the U.S. benchmark, West Texas Intermediate (WTI), was trading up 3.04% at $76.64, for a gain of $2.26 on the day.  In a note to clients published by MSN on Monday, ANZ Research predicted a “relatively small” supply…