SECURITYJul 8 · 09:06 UTCMIDDLE EAST EYEHilal Saki

Oil prices jump 5 percent after Trump says Iran ceasefire over

Oil prices increased by 5-5.4 percent following Trump's statement that the Iran ceasefire has ended. The US responded to attacks on ships in the Strait of Hormuz with extensive strikes on Iran, leading to reprisals against American bases in the Gulf.

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Donald TrumppersonIranplaceUnited StatesplaceStrait of HormuzplaceBrent North Sea crudetopicWest Texas Intermediatetopic

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