Oil prices have soared in the week since the U.S. and Israel launched their war against Iran, but President Donald Trump on Saturday downplayed the idea of turning to America’s Strategic Petroleum Reserve to ease the pressure.

As the war against Iran hits the one-week mark, the Trump administration faces mounting questions over skyrocketing gas and oil prices. NBC News correspondents Christine Romans, Monica Alba and

Crude prices surged higher Friday as oil fields in Iraq came under attack and US Donald Trump demanded Iran's unconditional surrender, while stocks slumped after data showed a surprise drop

But in the last week, both issues have threatened to turn into liabilities: A stagnant labor market and soaring gas prices amid the Iran conflict are hammering the economy, and the ouster of Kristi Noem from the Department of Homeland Security has cast new light on the administration’s increasingly unpopular immigration agenda.

U.S. stocks slid as oil prices surged after an Iranian strike on a tanker widened shipping risks. Dow plunges.

President Donald Trump said the US will provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, intending to head off a potential energy crisis caused by the war with Iran.

Israel said it is bombarding regime targets in the Iranian capital of Tehran and the militia Hezbollah in the Lebanese capital of Beirut early Friday morning, on day seven of an i

President Donald Trump demanded Iran capitulate in the war’s seventh day, suggesting a longer timeframe for the conflict even amid energy-market tumult and worries about whether the US has the military stockpiles to carry on the fight indefinitely.