It's been an eventful weekend in the world of finance and politics.

Here's a quick recap of the top economic stories that made headlines.

Oil Prices Surge As US-Iran Tensions Escalate Oil prices surged following President Donald Trump's declaration of an interim accord with Iran as "over." The U.S. military retaliated against attacks on commercial ships in the Strait of Hormuz, causing global oil markets to react immediately.

West Texas Intermediate (WTI) and Brent crude prices both climbed.

Justin Wolfers, a prominent economist, explained a hidden pattern that drives gas prices.