Markets are concerned about Iran's frequent threats to blockade the Strait of Hormuz, just as the US heads into peak summer demand season.

U.S. and global benchmark oil prices have seen their share of big moves since Israel launched attacks on Iran late last week. But there’s one indicator that helps put into perspective just how worried investors have become about the potential scope of the conflict.

Oil prices slipped on Thursday as investors hesitated to take new positions after U.S. President Donald Trump gave mixed signals on the country's potential involvement in the ongoing Israel-Iran conflict.

For months, President Donald Trump has made it clear he isn’t happy that the Fed hasn’t cut interest rates since December. During Wednesday’s news conference, a reporter asked Powell to respond to the criticism.