Global oil prices surpassed $114 per barrel on Monday after Iran ramped up attacks on energy facilities and ships in the Middle East.

The president said that the U.S. had told countries it would “guide their Ships safely out of these restricted Waterways.”

Oil is off to a volatile start to the week on a disputed report of a strike on a U.S. Navy ship in the Strait of Hormuz.

Oil prices have soared again after Iran struck the United Arab Emirates in the first attack since the ceasefire. The Gulf state said its air defences intercepted three missiles launched from Iran, while a fourth fell into the sea.

U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran

Oil prices jumped as traders assessed the potential for the Iran war to flare up again after the UAE said it was attacked with missiles launched by Iran.

The U.S. stock market is falling from its record heights Monday, while oil prices jump following escalations in the Middle East that may be undermining the ceasefire in the war with Iran. The S&P 500 fell 0.

Prolonged uncertainty about the war in Iran coupled with rising energy and grocery prices are pummeling pocketbooks and President Trump's polling numbers. Olivia Gazis reports.