Traders are continuing to monitor developments in the Middle East. Overnight, Trump hinted that an end to the conflict was not imminent.

The renewed climb comes after Supreme Leader Mojtaba Khamenei made his first big address to the Iranian public on Thursday, saying that the Strait of Hormuz must remain closed, an

Tanker backlogs, damaged energy infrastructure and threats in the Strait of Hormuz could keep gasoline prices elevated.

U.S. President ​Donald ‌Trump ‌said ⁠on Thursday that ⁠rising oil ​prices ​mean greater ⁠profits ⁠for ⁠the United States, ​but his ​priority ⁠is ⁠stopping Iran from having ⁠nuclear weapons. (Reporting by Bhargav Acharya,

President Donald Trump shared his thoughts on Iran’s new supreme leader on a recent interview. Discover more videos, including live streams and exclusive storytelling, on our Watch page

Other efforts to coax oil down prices — now at $100 a barrel — are like putting a Band-Aid on a shotgun wound, says analyst

President Trump is addressing concerns among investors and Americans over the rising prices of oil and gas. This comes as Iran's new supreme leader, Mojtaba Khamenei, issues his first public statement since taking over the regime.

The refinery, which will be built in Brownsville, Texas, is backed by Indian energy group Reliance Industries.