Oil prices jumped as markets react to escalating tensions after Qatar said Iranian missile strikes damaged a key liquefied natural gas export facility.

Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.

Oil and gas prices have exponentially risen on March 19 after retaliatory attacks by Iran on Gulf energy infrastructure.Following the strikes, Brent crude significantly surged to 6%, reaching $115 a barrel this morning,

Oil prices slipped on Wednesday, easing some of Tuesday’s gains, after Iraq and Kurdish authorities reached a deal to resume exports through Turkey’s Ceyhan port, easing short-term supply concerns in the Middle East.

How President Trump is trying to control exploding crude oil prices today and gas prices in USA amid Iran war crisis. Oil surged above $106–$111, while WTI nears $100 amid supply disruption fears. The Trump administration is releasing 172 million barrels,

Oil prices pared back some earlier gains, but remained sharply higher, as escalating strikes on key Middle East energy infrastructure heightened fears over expande

Oil prices surged in early trade today as Brent crude prices surged toward a high near the $114/barrel mark. The rally was triggered by a dangerous escalation in Middle Eastern hostilities.