Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.

Oil prices moved higher on Wednesday as markets continue to watch developments in the U.S.-Iran war.

Oil price moves have made headlines since the Iran conflict started - but why have there been such sharp swings?

Oil prices settled Friday at over $100 a barrel, topping off a chaotic week that saw prices nearly hit $120 on Monday. Iran’s decision to halt oil traffic through the Strait of Hormuz has driven up crude prices.

The Trump administration plans to waive a century-old maritime law that requires American ships be used to transport goods between US ports as it seeks to blunt surging oil and gasoline prices, according to people familiar with the matter.

Kaitlan Collins and Maggie Haberman roasted President Donald Trump's post cheering on the bright side of spiking oil prices amid the war in Iran.

Follow live NBC News coverage and latest updates on the Iran war, as Tehran attacks ships around the Strait of Hormuz, the price of oil spikes and Israel strikes Lebanon.

Oil prices traded around the highest levels since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne Russian crude – a waiver aimed at mitigating a surge in prices following its attacks on Iran.