Gas prices rose almost 50 cents in the past week, as today, the price of a barrel of oil went up to nearly $120, then back down to $85. The roller coaster is leading to a lot of uncertainty - though President Trump is trying to reassure Americans relief at the pump is on the way.

Oil prices briefly shot to their highest level since 2022 a day after Iran selected Ayatollah Mojtaba Khamenei to succeed his late father as Iran’s supreme leader. Investors saw it as a signal that Iran was digging in 10 days into the war launched by the United States and Israel.

Oil prices fell sharply on Tuesday after US President Donald Trump said that the war in Iran would come to an end "very soon". Crude had reached almost $120 a barrel on Monday over fears that the conflict would cause lengthy disruption to energy supplies from the Middle East,

Although oil prices are still significantly higher than they were before the war, European stock markets rebounded with London's FTSE 100 index rising 1.3%. Gas prices also receded. Trump said he thought "the war is very complete,

U.S. President Donald Trump said Monday that the war against Iran could be short-lived, but he left open the possibility of an escalation in fighting if global oil supplies are disrupted by the Islamic Republic,

Oil prices have skyrocketed as the U.S.-Israeli war on Iran entered its 10th day on Monday. President Trump reacted on social media, saying prices "will drop rapidly when the destruction of the Iran nuclear threat is over.

Trump, who campaigned in 2024 on cutting prices ― specifically promising to bring gas below $2 a gallon ― insisted that the jump in prices is only “temporary” and that “

Iran’s Revolutionary Guards have hit back at Donald Trump’s comments, saying “the end of the war is in Iran’s hands.” “Iran’s armed forces are waiting for the US Navy and the Gerald Ford aircraft carrier in the Strait of Hormuz,