
Stocks fell and oil prices climbed Monday, with renewed fighting in the Middle East stoking unease on Wall Street. West Texas Intermediate crude futures, the U.S. benchmark for oil, rose 2.8% to $85.76 a barrel, after U.S. forces attacked two Iranian rocket launchers in the Strait of Hormuz Sunday, dampening hopes after weeks without American strikes that the war with Iran could soon draw to an end. Oil prices have swung wildly throughout August, with new developments leaving investors unsure about the possibility of a diplomatic resolution with Iran.

