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.

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

U.S. President Donald Trump on Monday (March 9) threatened to escalate the war with Iran if it blocked oil shipments from the Middle East, even as he predicted a quick end to the conflict. Syakir Jasnee reports.

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.

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.

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.

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 ...