In a twist of wartime irony, the United States has moved to ease sanctions on Iranian oil to cool surging energy prices, a potential boon for Tehran.

The U.S. temporarily lifted sanctions on Iranian oil already at sea as oil prices soar amid the Middle East conflict.

The Trump administration will lift sanctions on Iranian oil stranded at sea under a one-month license as the White House tries to bring down soaring oil prices. The pause applies to Iranian oil loaded on ships as of Friday and is set to end April 19.

President Trump’s war with Iran has put the U.S. on a collision course with some of its closest allies over one of the most audacious foreign policy moves of his presidency. Longstanding allies weren’t informed of the battle plans until hours before the first attack was launched almost three weeks ago,

Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve. The S&P 500 fell 1.5% Friday to close its fourth straight losing week.

Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.

We take a close look at the impact the war in Iran is having here at home, where more than a dozen families are paying the ultimate price and planning funerals for their sons and daughters. NBC News’ Maggie Vespa spoke with Charles Simmons,

Another climb for oil prices shook stock markets, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.