Oil prices rose on Thursday, extending a rally as the escalating U.S.-Israeli ​war with Iran continued to disrupt ​supplies.

Drivers in the UK could face record-breaking petrol prices as soon as this month as the conflict between the US and Iran disrupts oil markets across the globe. Conflict has spread across the Middle East after the US and Israel carried out strikes on Iran on Saturday,

Wall Street's major indexes closed lower on Thursday as investors weighed escalating geopolitical tensions in the Middle East and rising oil prices following military confrontations between the U.S. and Iran.

American and Israeli attacks and Iranian retaliatory strikes have led to a sharp increase in oil prices, disrupting global energy supply chains. The disruption will ripple outwards, as the price of

U.S. stocks sank after the price of oil spiked to its highest level since 2024. The S&P 500 fell 0.6% Thursday.

The conflict in Iran has sent global oil prices surging, but not every market has been impacted to the same degree.

The U.S. stock market is holding steadier Wednesday following two days of punishing swings driven by worries about how high oil prices will go because of the war with Iran.

The U.S. stock market rebounded after oil prices stopped spiking and reports gave encouraging updates on the economy.