Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine.

Iran launched missiles at a U.S. military base in Qatar on Monday, threatening to stoke a wider conflict in the Middle East, a region that supplies the world with about a third of the oil used globally every year.

The nearly 2,700-mile Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, halting the flow of millions of gallons of crude oil from Canada to refineries in the U.S. and potentially leading to higher gasoline prices.

President Donald Trump is emphasizing that targeting Russia’s oil revenue is the best way to get Moscow to end its nearly three-year war against Ukraine.

Gas prices are once again on the decline across the U.S. That's bringing some relief to drivers now paying a little less to fill up their tanks.

It’s not just you.

The city of Jacksonville is looking to put a pause on a gas tax implemented earlier this year to help the growing financial strain many continue to feel at the pumps.

With new sanctions announced Tuesday by President Joe Biden against Russia following the invasion of Ukraine, the News4JAX I-TEAM is looking into how much the U.S. actually relies on Russia when it comes to gas and oil.

President Joe Biden on Tuesday made a major announcement connected to the war in Ukraine.

You’ve probably noticed while driving around that gas prices jumped over the weekend.

This week marked the ninth straight week that the nation’s average price of gas posted a rise, climbing 7.5 cents from the week prior, according to GasBuddy.

After a brief dip, gas prices in the U.S. are on the rise again, hitting an average $3.09 per gallon.