Iran’s Supreme Leader Ayatollah Mojtaba Khamenei says that the leverage of closing the Strait of Hormuz should be used and that Iran’s attacks on Gulf Arab neighbors will continue. His first statement since his appointment was read on state television Thursday by a news anchor.

I don’t know how anybody can be surprised. When you have a major conflict in the Middle East, prices always go up,” Sen. John Kennedy (R-La.) said.

Iran's unrelenting attacks on shipping traffic and energy infrastructure in the Persian Gulf pushed oil back above $100 a barrel on Thursday, as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the war in sight.

Oil prices have surged this week, raising the price at the pump just as Americans are already struggling with affordability.

In today’s edition, we’ll be digging into the economic fallout from the war in Iran, including: Donald Trump campaigned for the White House on a promise to lower prices for American consumers. But his war in Iran has sent petrol prices soaring and put the president on the back foot with price-sensitive voters here at home.

Explosions are reported on two more foreign tankers in the Persian Gulf killing at least one person, port authorities say.

As war with Iran intensifies and traffic slows in the Strait of Hormuz, global energy expert Daniel Yergin warns of a “nightmare scenario” for oil prices. CNN’s Erin Burnett reports.

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,