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.

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

Before the ongoing conflict with Iran, Donald Trump bragged about bringing down gas prices. But on Thursday, the president turned that brag on its head.

Oil price moves have made headlines since the Iran conflict started - but why have there been such sharp swings?

Crude oil prices have surged after the U.S. and Israel attacked Iran, and Iran retaliated with attacks throughout the Middle East. Critical logistical chokepoints have become war zones, heightening supply concerns.

Vice President JD Vance acknowledged rising oil prices as a result of the U.S.'s war with Iran. Get caught up on this morning's news: Oil prices fall, Alexander brothers found guilty and more in today's edition of The Yodel newsletter

The Trump administration plans to waive a century-old maritime law that requires American ships be used to transport goods between US ports as it seeks to blunt surging oil and gasoline prices, according to people familiar with the matter.

Here are five key things investors need to know to start the trading day.

The price of gasoline generally tracks the cost of oil, but there are additional costs that go into making gasoline, including refining, transportation, and state and federal taxes.

Oil prices traded around the highest levels since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne Russian crude – a waiver aimed at mitigating a surge in prices following its attacks on Iran.