Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz

Crude prices surged past $110 a barrel as the Strait of Hormuz remained closed, but President Donald Trump dismissed economic concerns, calling the oil price spike a minor cost for eliminating Iran’s

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.

After its largest increase since the early 1980s over the last week, futures trading on crude oil on Sunday surpassed $100 per barrel.

President Donald Trump has threatened to launch military strikes on Iran if the Islamic Republic doesn't agree to a deal on its nuclear program.

Iran named the son of the late Ayatollah Ali Khamenei as its new supreme leader and President Donald Trump called $100 oil a “small price to pay,” with neither side showing any sign of deescalating a war now entering its 10th day.

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.

OPEC will increase oil production by 206,000 barrels a day next month amid rising crude prices due to US-Israeli strikes on Iran.

President Trump says he wants to buy Greenland. We explore if that could actually happen in a video collaboration between Politico and Business Insider. In 1987, when Donald Trump was first flirting with running for president,