Rising US-Iran tensions see Trump push a prolonged blockade, stall nuclear talks, and warn Tehran to “get smart soon.” Oil prices surge amid supply fears, while Iran’s economy weakens. Pentagon reveals $25B war cost as global powers step in,

Oil prices top financial crisis highs above $150 a barrel, HFI Research said, as the market grapples with panic buying and supply hoarding.

For two months, the economic narrative about the Iran war boiled down to this: Oil and gas prices are really high, exacerbating an affordability problem that could send America’s economy into the toilet.

By Stephanie Kelly LONDON, May 1 (Reuters) - Oil prices rose on Friday as efforts to resolve the Iran war remained at an impasse, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude.

As the Iran war enters its third month, consumers are paying for its disruption of worldwide energy production.

NPR's Steve Inskeep asks business news analyst Jill Schlesinger how high oil and gas prices from the Iran war affect consumer budgets.

Under the 1973 War Powers Resolution, a U.S. president needs to withdraw troops 60 days after reporting their deployment to Congress

While the blockade of the Strait of Hormuz continues to drag on alongside the Iran war, energy analysts warn of another shockwave that could end up hitting global markets. The blockade of the Strait of Hormuz is forcing oil producers on both sides of the Persian Gulf into a storage crunch,

But the war in Iran, which the United States and Israel launched two months ago this week, may turn out to be the push that dislodges fossil fuels’ place atop the world’s energy system. The Strait of Hormuz,

The price of Brent crude oil briefly surged past $126 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war. Brent crude to be delivered in June jumped 3.