"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.

Global oil prices briefly touched $90 per gallon early on Monday before both countries signaled a willingness to resume talks.

"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.

US gas prices top $4 per gallon as the US-Iran conflict disrupts Strait of Hormuz oil flows. Rising crude prices may keep fuel costs high for weeks.

Gas prices hit a $4 national average as the U.S.-Iran conflict escalates, defying Trump's demands for retailers to lower fuel costs.

US Gas Price: Drivers in some states across the U.S have been paying well over USD 4 a gallon for a while now, while others pay less. Affordability is likely to be a key issue for…

US gasoline prices jumped back to an average of $4 per gallon Monday, according to the AAA motor club, as Iran said it was fighting a "full-scale war" with the United States while…

Consumers have made trade-offs to afford gas, including putting off necessary vehicle maintenance and cutting back on subscription services

President Trump wrote Monday: "Every time Iran kills an American Soldier they will pay for that killing many times over!"

Oil prices could have been even higher, but, for now, investors expect Iran and the U.S. to come back to the negotiating table.