Live updates: Trump calls oil price surge ‘small price to pay’ as Iran names new leader

Oil prices surged overnight Monday, settling adjacent $100 a tube arsenic the struggle with Iran shows nary signs of slowing down. Energy Secretary Chris Wright on Sunday downplayed concerns astir the Strait of Hormuz’s closure and its effect connected vigor prices. President Trump called it a “very tiny terms to pay” for “peace” successful a societal media…