Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve. The S&P 500 fell 1.5% to close its fourth straight losing week,

President Trump’s war with Iran has put the U.S. on a collision course with some of its closest allies over one of the most audacious foreign policy moves of his presidency. Longstanding allies weren’t informed of the battle plans until hours before the first attack was launched almost three weeks ago,

Three weeks into an escalating war in the Middle East, the U.S. is sending more warships and Marines to the region, and Iran threatened Friday to expand its retaliatory attacks to include recreational and tourist sites worldwide.

Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.

Gas prices are surging across the US as the Iran war disrupts oil supply. See the 20 states where prices are rising fastest.

Oil prices stabilized and Wall Street futures fell early Friday as Israel and Iran traded attacks in the three-week old war that has jolted global markets.

As the war that has rocked the global economy neared the end of its third week, Iran showed no signs of letting up on its attacks on Gulf region energy structure.

The Iran war is underscoring the risks of President Donald Trump’s relentless focus on fossil fuels as he pursues what he calls American energy dominance. As crude oil prices rise above $100