#Icebrentcrudeoct25

Oil prices rose Tuesday amid concerns over a prolonged Middle East conflict after President Trump's comments that the ceasefire with Iran is on "life support"

Oil prices rose Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.

As US equities hit fresh highs, strategists warn that investors are downplaying the impact of soaring oil prices.

Vessels have been largely unable to pass through the Strait of Hormuz for months, disrupting key supply chains.

Under the 1973 War Powers Resolution, a U.S. president needs to withdraw troops 60 days after reporting their deployment to Congress

From CNBC: Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $115 per barrel

President Donald Trump on Saturday cancelled plans to send U.S. envoy Steve Witkoff and Jared Kushner to Islamabad, Pakistan for negotiations with Iran.

Rising global oil prices have begun seeping into the domestic economy, squeezing margins for manufacturers dependent on imported raw materials.