A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.

Importantly, this shift in positioning occurred before last Friday’s dramatic escalation in the Middle East, when Israel launched strikes on Iranian nuclear facilities and senior military targets,” said Ole Hansen,

The Environmental Protection Agency has told staff overseeing the country’s industrialized Midwest– a region plagued by a legacy of pollution– to stop enforcing violations against the fossil fuel companies,

Oil supplies from the Middle East face increasing risk as the conflict between Israel and Iran drags on, according to RBC Capital Markets LLC, which warned that energy is now “clearly in the crosshairs.

Russia's seaborne oil product exports in May were down 1.2% from April at 9.604 million metric tons, data from industry sources and Reuters calculations showed.

A fresh wave of bullishness is washing through the oil-options market as the confrontation between Israel and Iran escalates, with activity led by unusually heavy trading of call options at the week’s open.

John Kilduff, Founding Partner at Again Capital, says oil volatility will persist but sees prices ending lower by year-end. He doubts a 1970s-style embargo despite U.S.–Iran tensions.

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