Kuwait has begun cutting oil production because it is running out of storage space, as the fallout from the Iran conflict spreads across the Middle East and casts a pall over the global economy. The Gulf country is discussing bigger production cuts in the coming days,

The price of Brent crude oil just surged past $90 a barrel for the first time in two years. West Texas Intermediate futures were trading at $87.

Strikes hit Beirut suburbs and Tehran, and several Gulf nations are targeted by Iran

President Trump insisted Friday the war in Iran will not end unless Iran completely surrenders. He also ruled out any possible ceasefire talks with Iran.

As the war against Iran hits the one-week mark, the Trump administration faces mounting questions over skyrocketing gas and oil prices. NBC News correspondents Christine Romans, Monica Alba and Daniele Hamamdjian report on the expanding conflict and its impact on consumers back home.

President Trump laid out yet another, more ambitious goal of U.S. military action, one that could extend the war.

The steepest oil-price runup since the early days of the Ukraine war sent benchmark oil prices above $90 a barrel on Friday, a signal that traders are increasingly fearful that the spiraling Middle East conflict could spark an energy shock.

President Trump threatened early Saturday morning to step up the bombing campaign in Iran, saying it may expand to people and regions that hadn't been targeted previously. Why it matters: The war is entering its second week,