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The clock that was ticking toward a dramatic new escalation in the Iran war may now be counting down to a deal that would end it
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Iran warned it could start striking power plants across the Gulf region, after President Trump threatened to hit Iran's energy infrastructure unless Tehran opens the Strait of Hormuz when his 48 hour ultimatum expires on Monday.
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Energy prices fall and stock markets rebound after the US president says "very good and productive" talks have been held.
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As the war with Iran continues to rage in the Middle East, the rising cost of oil is pushing up the price of gas and other major categories like groceries, along with threatening the global economy more broadly. NBC News' Brian Cheung explains.
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