"The deep distrust between the US and Iran meant bumps in the road were inevitable and this feels eerily similar to the trade negotiations between the U.S. and China during President Donald Trump’s first term, which had numerous flare-ups followed by de-escalation."

The U.S.-Iran deal has devolved into fighting again, with potentially ugly implications for oil prices.

President Donald Trump's escalating conflict with Iran is causing oil prices to surge, impacting gas prices and potentially leading to inflation.