Oil jumps more than 3% after US, Iran launch strikes in Mideast

SINGAPORE, July 13 (Reuters) - Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by the United States, threatening energy shipments via the Strait of Hormuz.

Brent crude futures LCOc1 climbed $2.67, or 3.51%, to $78.68 by 2204 GMT, while U.S. West Texas Intermediate crude CLc1 was at $73.89 a barrel, up $2.48, or 3.47%.