U.S. President Donald Trump expressed frustration on Thursday that oil prices have risen amid supply concerns from potential conflict in the Middle East. Both global and U.S. oil prices surged more than 4% on Wednesday to their highest levels since early April before easing a bit on Thursday.

President Trump's trade policies keep grabbing the spotlight, along with the Israel-Iran conflict. Follow along for the latest updates on markets, including the Dow industrials, S&P 500 and Nasdaq Composite.

We also discuss how China is maintaining a strong grip over rare earths, despite U.S. and China trade officials striking a deal last week in London.

A former White House official issued a chilling ultimatum to Donald Trump's administration as oil prices continue to rise in the US

A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage points,

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.