Crude oil surged this week as the U.S.-Iran ceasefire collapsed, with Brent crude touching $79 a barrel and U.S. gasoline ticking higher. Gold slid for a fourth straight day, while policymakers and analysts offered contradictory signals on whether prices will ease or spike further.

The Full Picture

Oil and Gas Prices Reset on Renewed U.S.-Iran Hostilities

• What happened: On July 8, crude jumped about 5% after U.S. forces struck more than 80 Iranian military sites and...