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The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.
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President Trump's war in Iran has raised some costs just as many Americans are starting to see savings from last year's tax cuts.
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Trump's comments come after he called on several countries to send warships so as to secure the critical waterway
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With the Iran war entering a third week and the price of oil reaching nearly $105 a barrel on Monday, President Trump again urged NATO countries and China to help the U.S. secure the vital Strait of Hormuz.
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The money will be for "vulnerable" households who have faced a sharp rise in energy bills since the outbreak of the US-Israeli war with Iran.
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As Tehran continued strikes on targets across the Gulf region, Israel said it would hit Iran for "as long as needed" and expanded ground operations in Lebanon.
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The 39-year-old has spent more than two decades acting and picked up the award for best actor at the Oscars.
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We're answering some of your questions about the war.
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The ceremony saw Michael B. Jordan win best actor and "Sinners" cinematographer Autumn Durald Arkapaw make Oscar history as the first female director of photography to win the award.
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Do the United States and Israel share similar goals? What kind of leadership will Iran have next? How does The Times report on wartime deaths?
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Trump's decision to order strikes on Kharg Island has pushed one of the world's most critical oil hubs into the center of the escalating U.S.-Iran conflict.
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;Resize=(620)) In what felt like one of the most unpredictable Academy Awards in history, the eventual winners were, surprisingly, more or less what was expected.
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Global oil prices have soared as one-fifth of the world's supply normally transits the strait.
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WABC's Meteorologist Dani Beckstrom updates on March storm sweeping across the country, leaving millions of Americans on alert of severe weather.
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The winning actors, directors, pictures and more at the 98th annual Academy Awards.
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The impact in the UK of the ongoing conflict in the Middle East features on Monday's front pages.
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President Trump has urged China, Britain, France, Japan and South Korea to send warships to help reopen the waterway, even though they were not involved in the U.S.-Israeli attack on Iran.
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Wright said gas prices should come down soon, but there is no guarantee.
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The islands off Iran have become the latest focus of the war after a U.S strike destroyed military sites on Kharg Island. The string of islands are critical to Iran's oil industry and its national security.
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The email solicitation to benefit Trump's PAC also offers donors "private national security briefings."
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The unit's arrival in the coming days will give the Pentagon the ability to quickly launch raids.
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