Oil prices rose 1% on Monday, driven by strong summer driving demand, geopolitical tensions in the Middle East, and Ukrainian drone attacks on Russian refineries, which heightened supply concerns. An easing U.S. dollar also supported the price increase, making oil more attractive to international buyers. Brent futures for August delivery settled at $86.01 per barrel, while WTI crude settled at $81.63 per barrel. Both benchmarks saw a 3% increase last week.