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With oil prices in mind, the Trump administration has deployed a haphazard approach to sanctions on Russia and Iran.
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Officials are monitoring stock levels and planning for any potential disruptions to the supply chain.
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The designer and his son discuss making couture during a bombing and the reason it matters.
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Iran had earlier said there were no plans for a direct meeting with a US delegation led by Steve Witkoff and Jared Kushner.
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The last-minute scuttling of the trip to Pakistan was the latest sign of how far apart the two sides are on reaching a deal to end the Iran war.
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Peace talks between the U.S. and Iran were scheduled to continue Saturday in Pakistan, but they fell apart after President Donald Trump announced that he would not be sending U.S. envoys to take part in negotiations.
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