Rising oil prices can affect the stock market in significant ways.

Major stock indexes erased sharp declines and closed higher Monday as President Donald Trump told CBS News that "the war is very complete, pretty much." The price of oil fell.

While officials look for ways to ease oil shocks, experts say higher prices will likely persist until traffic through the Strait of Hormuz returns.

Stocks were able to wipe out earlier losses as investors were optimistic about the Middle East conflict ending soon and oil prices coming down

A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time in nearly four years.

Oil continued its recent surge Sunday, hitting $100 per barrel for the first time since July 2022 as the ripple effects from the U.S. war on Iran continued to hit global markets.

President Donald Trump told oil tanker crews to “show some guts” as he pushed them to keep shipping through the Strait of Hormuz as his war against Iran rages. The price of oil has skyrocketed as the ongoing conflict has disrupted shipping through one of the busiest chokepoints that connects the Persian Gulf and the Gulf of Oman.

US stocks recovered losses Monday and oil prices plummeted after settling at their highest level since 2022, as the war with Iran continued to roil markets.