Oil prices look set to rise on Monday after U.S. and ​Iranian trade threats to target energy facilities, analysts said.

In a twist of wartime irony, the United States has moved to ease sanctions on Iranian oil to cool surging energy prices, a potential boon for Tehran.

Benchmark Brent oil ​prices jumped above $119 a barrel on Thursday, March 19 after Iran attacked energy facilities across ‌the Middle East.

Popular Florida family theme park closes down for new development The Strait of Hormuz crisis has driven oil prices to four-year highs, disrupting global energy supplies. Rising fuel and fertilizer costs are pushing gas and grocery prices significantly higher for consumers.

Another climb for oil prices shook stock markets, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve

Oil prices (CL=F, BZ=F) swing upward on Friday as Iran continues to target oil production sites in the Persian Gulf. Yahoo Finance Breaking News Reporter Jake Conley sits down with Yahoo Finance Head of News Myles Udland to cover the latest developments in the Middle East conflict,

United Airlines Chief Executive Scott Kirby said the carrier is cutting certain routes due to high oil prices pushing up the cost of jet fuel, and the airline is assuming the price of crude stays above $100 a barrel through 2027.

Even with oil prices climbing, people in West Texas say it doesn’t feel like the start of another boom, at least not yet.