Americans' views on Trump soured significantly with regard to his stewardship over the economy and the cost of living, as gasoline prices have surged.

Traders bet half a billion dollars ​on the price of crude only 15 minutes before U.S. President Donald Trump announced a five-day delay to attacks ‌on Iran's energy infrastructure that sent the market plunging,

US President Donald Trump’s energy chief downplayed the impact the US-Israeli war with Iran is having on energy markets, saying prices haven’t risen enough to trigger “meaningful demand destruction.”

Stocks rose and oil prices fell sharply after President Donald Trump on Monday said the United States would postpone further strikes on Iran’s energy infrastructure, pending the outcome of negotiations.

Oil prices have risen on Monday as the war in Iran enters its fourth day. West Texas Intermediate futures advanced 1.5% to $99.69 a barrel, while Brent crude contracts climbed just over 1% to $113.59 a barrel.

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Oil prices fell sharply on Monday after President Donald Trump told reporters that Iran has agreed not to have nuclear weapons. Trump added that the Strait of Hormuz might be jointly controlled by him and the leader of Iran.

President Donald Trump said Monday that the U.S. and Iran had productive talks over the weekend about ending the war.