Oil prices swing as Trump discusses ending war with Iran

Oil and gas prices have been volatile, rising and then falling sharply, in response to statements from Donald Trump about the conflict with Iran. Trump said the war would end 'very soon,' which caused prices to drop after an initial spike.

Republicans have largely not criticized the price increases linked to the conflict. Trump has talked about the cost of living while also betting that U.S. 'energy dominance' will make the war less economically painful for Americans.

Traders in energy markets have been rattled by the situation. Some officials are reportedly encouraging Trump to develop an exit plan for the war as prices fluctuate.