Oil prices surged as hostilities resumed in the U.S.-Iran conflict for the first time in almost month after American forces hit Larak Island.

The first attacks in a month jolted energy markets. The average U.S. gasoline price remained 37 percent higher since the war began.

Oil prices jumped more ​than 2% on ‌Monday, with Brent back above $90 a ​barrel, after ​U.S. forces struck two ⁠Iranian launchers ​on Iran's Larak island in ​the Strait of Hormuz on Sunday, the ​first known ​American strikes on the Gulf ‌nation ⁠since late July.

Oil prices rose more than 3% in early trading on Monday. Concerns over supply disruptions were heightened after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday. Oil prices jumped Monday after U.

Cheryl Casone reports on ‘Mornings with Maria’ about President Donald Trump's plan to refill the Strategic Petroleum Reserve using Venezuelan oil under a new agreement securing US majority control of 65 billion barrels.

The deal cements the United States' long-term dominance over Venezuela, which has become a neo-colony since the U.S. military's capture of former President Nicolás Maduro in January

President Trump touted lower gas prices after last week's oil deal with Venezuela, but experts don't agree it will ease the cost for consumers anytime soon. Nancy Cordes reports.

Heritage Foundation chief economist EJ Antoni joins 'Fox & Friends' to discuss the historic U.S.-Venezuela oil deal. Antoni explains how the agreement could help refill the Strategic Petroleum Reserve and diversify U.

Bessent wants other countries to help the U.S. isolate Iran in order to force its capitulation during a war that recently crossed its six-month mark. Although the U.S. struck Iran

Treasury Secretary Scott Bessent will be trying to reassure his foreign counterparts that the U.S. can manage its massive debt without risking the global financial system.

The unresolved conflict has kept the Strait of Hormuz closed, sapping growth from nearly all G20 economies. And Bessent has warned that countries face secondary U.S. sanctions if

U.S. Treasury Secretary Scott Bessent wants to rally the world's largest economies this week at a summit in Asheville, North Carolina

Private-equity giant KKR has owned USI Insurance since 2017.

Aon on Monday agreed to acquire insurance brokerage USI from private equity firm KKR for around $17 billion in cash. Why it matters: This will help Aon, one of the world's largest professional services firms,

Aon Plc agreed to buy USI Insurance Services from KKR & Co. and other shareholders for $17 billion in cash, expanding Aon’s middle-market business.

Aon will buy rival USI ​Insurance Services in a $17 ‌billion deal from private equity firm KKR , the ​insurance brokerage said on ​Monday.

Iran's energy hub of Kharg Island is being ⁠blown ⁠to smithereens, U.S. President Donald Trump said on Sunday in ⁠a one-line social media post accompanied by an AI-generated video clip. There was no other evidence that the Iranian energy hub was under ​attack.

There was no other evidence that the Iranian energy hub was under attack and no immediate response to Mr Trump's post on Iranian media.

The U.S.-Iran war hostilities reignite in the battle for the Strait of Hormuz, roiling oil markets and leading President Donald Trump to tease straits on Kharg Island after Iran attacked U.S. bases in Jordan.

Trump extended his military threats against Iran to Kharg Island, Tehran's primary oil export hub. U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, according to U.S. Central Command.

Here are five charts to help break it all down. Trade war hits Ontario hardest. The tariffs and counter-tariffs have hit some states and provinces harder than others. In Canada, s

Canadian officials say they targeted specific states and industries with retaliatory tariffs — such as those on food products, beverages and appliances — to apply political pressure on U.S. officials.

President Donald Trump is escalating the trade war with Canada. Here's how.

Trump's nonsensical tariffs on Canada harm both economies, disrupt supply chains and distract from real trade challenges with China.