Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed.

President Donald Trump signaled he was losing patience with peace talks in Iran.

The fresh strikes from the U.S., and the warning Iran issued in return, have brought renewed instability to the markets.

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

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,

Oil prices ticked up Monday morning after tensions re-flared in the Middle East over the weekend. News of Washington's diplomatic offers to Tehran kept a lid on potentially more expansive price hikes.

U.S. markets hovered near all-time highs Monday and oil rose more than 2% after President Donald Trump appeared to dismiss Iran’s response to a U.S. peace plan. Futures for the S&P 500 were essentially unchanged,

President Donald Trump told reporters fuel prices are "not very high, relatively speaking." Since the Iran war began, gas prices are up nearly 40%.

U.S. stocks rose May 26, with the S&P 500 up 0.4%, after President Donald Trump said negotiations with Iran were “proceeding nicely.” The price for a barrel of Brent crude, the international standard, rose 4% to $97.14. Most big U.S. companies have ...

By Nicole Jao NEW YORK, May 20 (Reuters) - Oil prices fell about 6% on Wednesday after U.S. President Donald Trump said that negotiations with Iran were in the final stages, although investors remained wary about the outcome of peace talks as disruption to Middle Eastern supply continued.

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