Oil prices rise after Trump issues Iran warning
Brent crude rose above $109 a barrel Friday after President Trump warned he was losing patience with Iran, raising fears the Strait of Hormuz could stay mostly shut. U.S. gasoline averaged over $4.50 a gallon. Stocks and bonds fell as traders braced for a longer energy shock. The S&P 500 dropped 0.8% and 10-year Treasury yields hit 4.568%.