Oil prices and stock markets worldwide swung through a shaky Monday with uncertainty about what will happen with the Iran war. The S&P 500 swiveled between gains

President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.

The price of oil rose sharply after Iran reportedly cut off talks with the United States to the war. Crude oil jumped to levels not seen since mid-May.

Oil markets jolted higher Monday after Iran threatened to shut the Strait of Hormuz amid escalating tensions in the Middle East. West Texas Intermediate crude surged 7% to about $94 a barrel and Brent climbed 6% to roughly $97,

By Scott DiSavino NEW YORK, June 2 (Reuters) - Oil prices climbed about 1% to a one-week high in volatile trade on Tuesday as the market waited for news on the Iran war, with Tehran reviewing a proposed agreement with the U.

After trading strikes that threatened to widen the conflict across West Asia, Israel and Iran have said they are halting attacks on each other following an appeal from US President Donald Trump. However,

The dollar rose after President Trump said the U.S. “must” respond after confirming Iran shot down a U.S. helicopter.