Cruise lines face rising fuel costs as oil prices surge 35% during the Iran conflict, threatening profits during peak booking season for summer trips.

Israel has launched new attacks on Beirut and Tehran, while Dubai's airport suspended flights after an Iranian drone hit a nearby fuel tank and sparked a fire

President Trump said “oil prices are going to go down very, very rapidly” after the Iran war ends. “So will inflation,” he told the Kennedy Center board Monday. “Much more important than short-term, even long-term oil prices,

Neutralizing ⁠Iran could make crude oil much ⁠cheaper because the threat posed by Tehran imposed a "terror premium" that inflated global ​oil prices for decades, a top White House adviser said in a report to be released on Monday.

For Americans, surging oil prices mean spending more at the pump. The national average price for gasoline hit $3.69 on Sunday.

CNN’s Eleni Giokos reports from Dubai on what a prolonged bottleneck in the Strait of Hormuz could mean for oil prices worldwide.

President Trump said a US bombing raid 'totally obliterated' military targets on Iran's Kharg Island, a key oil facility, while leaving its energy infrastructure untouched. Iran, in turn, threatened to target US-linked regional oil facilities.

The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez has more on the energy shock.