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The price of Brent crude, the international standard, jumped 6.5% to $107.72. per barrel. Benchmark U.S. crude rose 11.3% to $111.44 per barrel.

Britain accused Iran on April 2 of holding the world's economy hostage as diplomats from more than 40 countries held talks.

Experts say differences in price aren’t typically decided by any individual gas retailer, and most of them aren't pocketing the extra pennies when prices rise.

Stocks are rushing higher worldwide, and oil prices are easing April 1 as hopes build that the war with Iran could end soon.

The ISM gauge of prices paid for manufacturing inputs climbed another 7.8 points to 78.3, remaining at the highest since mid-2022.

Financial markets muddled through the first two months of the year. Then came the war in Iran.

With crude oil surpassing $100 a barrel, stopgap measures are helping, but they're not adding up to enough oil to replace what's stranded, experts say.

The last time U.S. drivers were collectively paying this much at the pump was nearly four years ago, following Russia’s invasion of Ukraine.

The price for a barrel of Brent crude oil, the international standard, fell 0.3% to $107.10. Benchmark U.S. crude slipped 0.3%.

President Donald Trump on March 30 threatened widespread destruction of Iran’s energy resources if a deal to end the war with Tehran is not reached soon.