WTI, the primary U.S. oil benchmark, spiked on Sunday night when the futures market opened, hitting a high of $102.57 per barrel. However, it erased those gains on Monday, closing

Oil prices spiked Tuesday and US gas prices rose as Iran intensified its attacks on energy infrastructure across the Middle East and a senior regime figure suggested that the crucial Strait of Hormuz wouldn’t become safe for ships anytime soon.

Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.

London — Oil prices rose by about 3% on Tuesday, clawing back some of the previous session's losses as Iranian attacks on the United Arab Emirates rekindled supply fears while the Strait of Hormuz remains largely shut.

Oil prices moved higher on Wednesday as markets continue to watch developments in the U.S.-Iran war.

When the US Federal Reserve sets interest rates, the process typically involves striking a balance between two goals, price stability and full employment. A sharp increase in energy prices as a result of the Iran war and a rise in the unemployment rate in February risks putting those two goals into conflict.

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Rising oil prices and the fallout of the Iran war are worsening the economic divide, experts say.