Finance ministers from five European Union member states are urging the bloc to introduce a windfall tax on energy companies as surging oil and gas prices raise inflation fears.

Stock futures dropped sharply and oil prices surged after Donald Trump's address about the Iran war failed to assure markets that the conflict would end soon.

Address by Trump signalling possible escalation of Iran conflict raises prospect of prolonged closure of Strait of Hormuz

Oil prices remain high at over $100 a barrel, and gas prices surge to over $4 a gallon. Gas prices climbed above $4 per gallon on Tuesday as oil futures remained volatile amid the Middle East war. As the war in Iran looks poised to roll into April, strategists at Macquarie Group say oil prices could cross $200 per barrel.

Oil markets are closing March on a historic surge, with prices posting their biggest monthly gain ever after an unprecedented global supply shock.

Gas prices shoot up fast, but don’t fall as quickly. Even America’s oil boom can’t stop global markets from shaking the pump.

A surge in the price of oil on Thursday brought the crucial commodity within reach of being expensive enough to cause a recession.

U.S. President Donald Trump says the U.S. will keep hitting Iran very hard in the next two or three weeks even as he touts the success of American operations. Trump says all of

A worldwide stock surge is masking deeper anxiety over the global economic outlook that may cut the relief rally short.