Oil prices exceed $115 amid U.S.-Iran tensions, spiking Dow futures as Trump defends the move for national security.

Oil prices surged past $115 a barrel amid escalating tensions with Iran, triggering a sharp drop in Dow futures. President Trump stated the spike is a "very small price to pay" for addressing Iran's nuclear program and regional threats, emphasizing U.S. commitment to national security despite rising energy costs. His remarks come as military and economic pressure on Iran continues, with ongoing diplomatic efforts and heightened readiness. Reactions are mixed, with some backing a firm stance and others warning of economic risks from energy volatility.