House Republicans plan to keep control of that chamber on a message of low costs. But higher oil prices could complicate that message.

Air strikes have damaged at least four oil facilities since US-Israeli attacks on Iran began last month.

Iran has vast oil as well as gas reserves and is a key supplier to China.

The US president's comments lead to a drop in crude costs and a rebound in shares.

The World Health Organization warned that black rain caused by strikes on Irans oil facilities pose health risks

The war has sent oil prices surging, upending global travel and pushingairline ticket costson some routes sky-high.

International Energy Agency chief says talks aimed to assess conditions as Iran war drives global uncertainty.

The war has sent oil prices surging, upending global travel, pushingairlineticketson some routes sky-high, and sparking fears of a deeptravel slump.

President Donald Trump on Monday had predicted that the war against Iran would be over "very soon," and warned that country against withholding oil afterward.

The IEA's members are advanced economies in North America, Europe and Northeast Asia. They collectively hold about 1.2 billion barrels of oil in reserve.

The Iran war may impact U.S

India is trying to preserve its long-standing neutral foreign policy as escalating tensions around Iran threaten its oil supply and expose New Delhi to pressure from both Washington and Beijing.

Treasury yields fell as oil prices tumbled after Donald Trump warned that Iran would be hit harder if it attempted to halt Strait of Hormuz shipments.

European stocks are set to rebound as traders continue to watch developments in the Middle East.

Saudi Aramco beats profit estimates and keeps $85 billion payouts as oil prices surge again

Oil prices plunged after Trump warned that Tehran would be hit "twenty times harder" if it attempted to halt oil flows through the Strait of Hormuz.

Oil prices have shot up as the war snarls transportation and production in one of the most energy-rich regions on earth.

Asia-Pacific markets rebounded from Monday's rout after oil prices fell and Wall Street bounced back.

Crude oil prices plunge below $90 a barrel following an earlier surge to almost $120 in price swing over 24 hours.

US President Donald Trump threatened to escalate attacks on Iran if it disrupted global oil supplies.

It has been the most volatile day of oil trading in world history, and there is much still to play out.

U.S

The chancellor said a meeting on Wednesday will explore ways to help households

A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit

G7finance ministers said they were monitoring the situation and were prepared to implement 'necessary measures,' but stopped short of committing to release emergency reserves.

Roughly 20% of global liquefied natural gas flows through the Strait.

The 10-year Treasury yield initially moved higher before pulling back on Monday as oil prices at first moved past $100 a barrel, then later declined.

Canadian consumers are going to feel it in their wallets just about everywhere the longer the Iran war goes on, while some parts of the economy could see benefits.

Russian presidentspoke as oil prices surged past $100 per barrel, reaching levels unseen since start of Ukraine war.

And how much is the war in Iran motivated by oil?

The move came amid soaring global oil prices as the Iran war, now in its second week, ensnares countries and infrastructure critical to the production and movement of oil and gas.

High inflation and slow growth present a double threat, as measures like interest rate cuts and government spending only aggravate inflation.

Oil prices surged above $100 per barrel as the critical Strait of Hormuz remains closed due to threats from Iran.

The price of crude oil has sharply spiked as the Strait of Hormuz has been effectively closed as the United States and Israel wage war on Iran

French president says 'purely defensive' mission aims to gradually reopen key Gulf waterway amid spike in oil prices.

Sustained pressure on oil prices could mean Canadians will pay significantly more at the grocery store by the end of this month, one expert said.

The global oil market will need to balance by destroying demand through sharply rising oil prices, according to Rapidan Energy.

Russia is reportedly helping Iran target U.S. forces in the Middle East and could now benefit from a windfall of new oil and gas sales.

Prediction market bettors are increasingly expecting the U.S

Also on Sunday, the Prime Minister's Office said Carney gathered the Incident Response Group with ministers and senior officials to discuss the ongoing war in Iran.

Lee Jae Myung would "swiftly introduce" a fuel price cap, adding that Seoul will explore ways to diversify its energy import sources

Oil prices spiked amid the ongoing U.S.-Israel war with Iran, stoking affordability fears ahead of the November midterm elections.

Germany's finance ministry said on Monday that G7 finance ministers would meet later in the day to discuss the impact of the war in Iran.

As turmoil continues in the Middle East, the price of crude oil rose to more than $100 a barrel on Monday.

Shortly after the surge, U.S. President Donald Trump said on Truth Social that "short term oil prices" are "a very small price to pay."

The latest Middle East tensions sheds light on how the world's three largest oil consumers have taken different approaches to energy, with global consequences.

European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices.

The U.S. ordered non-emergency government staff to leave Saudi Arabia as the widening Iran war rattled markets and sent oil prices surging above $110 per barrel.

Brent futures spiked 23.38% to $114.30, while U.S

Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world.