In a twist of wartime irony, the United States has moved to ease sanctions on Iranian oil to cool surging energy prices, a potential boon for Tehran.

Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.

Former U.S. Energy Secretary Dan Brouillette joins ‘Mornings with Maria’ to break down rising oil prices, Trump’s global strategy and how the U.S. could counter Iran’s threat in the Strait of Hormuz.

The U.S. temporarily lifted sanctions on Iranian oil already at sea as oil prices soar amid the Middle East conflict.

Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve. The S&P 500 fell 1.5% to close its fourth straight losing week,

Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.

U.S. stocks are sinking as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year.

Israel said they will hold off on further attacks on Iran. Lawmakers are pressing the White House for more information on the exit strategy.