U.S. and Iran Exchange Renewed Fire as Trump Claims ‘All Will Work Out Well in the End’

Trump accused Democrats and some “seemingly unpatriotic Republicans” of “negatively chirping” amid the negotiations, telling them to: “Just sit back and relax. It will all work out well in the end—it always does.”

Oil prices saw a spike on Monday morning following the renewed exchange in strikes.

The price of Brent crude oil jumped by around 3% on Monday to $94.4 per barrel, up from just over $91.6 per barrel at closing time on Friday.

Iran’s continued choke hold over the Strait of Hormuz, a crucial waterway through which around a fifth of global oil production flows, has caused major market instability and prompted a global energy crisis.

The impact has been felt for months at the pump in the U.S., with gasoline prices at a national average of $4.32 per gallon as of Monday, up from $2.98 before the conflict, according to the American Automobile Association.