President Donald Trump is weighing whether the United States should attack Iran, a country that controls both the third-largest proven oil reserves on Earth and one of the world’s most important oil shipping lanes.

Tensions between the United States and Iran have caused an increase in oil prices across the country and here in New Jersey, according to experts.

US-Iran tensions LIVE: US President Donald Trump launched a fresh threat on Tehran on Wednesday after mediatory talks between the two nations in Geneva. Trump said Iran would attract ‘bad things’ if it fails to strike a deal with Washington.

Israel Activates Emergency Preparedness; Tehran Warns of Retaliation. Iran-US Tensions LIVE: With Donald Trump pressing Tehran to strike a nucl

There have already been confrontations between the US military and Iranian forces. The US this month shot down a Shahed drone that approached the Abraham Lincoln carrier. On the same day, members of Iran’s Islamic Revolutionary Guard Corps threatened to board and seize a US-flagged tanker, prompting a US destroyer to respond.

By Pablo Sinha Feb 20 (Reuters) - Gold prices rose on Friday, supported by lingering tensions between the United States and Iran and lower European bond yields while investors awaited U.S. inflation data to assess the outlook for Federal Reserve monetary policy.

Kremlin spokesman Dmitry Peskov is calling on Iran and "all parties" in the Middle East to show restraint as the U.S. continues military buildup.