The US President sought to reassure Americans rattled by soaring fuel costs, even as crude oil prices doubled in three months and major Gulf producers slashed output amid the Strait of Hormuz crisis.

Iran’s regime looks unlikely to back down as hardliners staged a show of loyalty to new Supreme Leader Mojtaba Khamenei

Oil prices fell from four-year highs after the US president signaled in an interview with US media that the war with Iran was "very far ahead" of schedule.

Oil prices climbed sharply this morning as President Donald Trump hinted the US would bomb Iran's reserves "just for fun" amid the ongoing war in the Middle East. Washington has intensified efforts to rally international support for protecting the vital Strait of Hormuz shipping lane after the Islamic Republic closed off the route last week.

The last time an Iranian regime was overthrown, the resulting oil crisis eventually saw Americans lining up at gas stations and paying double what they’d spent a few years earlier to fill their tanks.

One of the most oft-repeated conservative criticisms of President Biden concerned the price of gasoline, which briefly reached a national average of over $5 per gallon, mainly thanks to disruptions caused by the war in Ukraine. Republicans blamed Biden ...