Oil ends at its highest price in over two weeks as flare-up in U.S.-Iran hostilities suggests end to cease-fire

By Myra P. Saefong and Nora Redmond

Trump says he thinks cease-fire is over, but also that he doesn't see a return to war with Iran

President Donald Trump, speaking on the sidelines of the NATO summit in Turkey on Wednesday, said he did not "want to deal with" Iran anymore.

Oil prices settled at their highest level in more than two weeks on Wednesday as U.S.-Iran hostilities flared up and President Donald Trump said he believed the cease-fire with Iran was over.

The resumption of hostilities and Trump's comments on the cease-fire have oil prices on edge, said Rob Haworth, senior investment director at U.S. Bank Asset Management. "Investors are next watching for military actions and strikes to best understand the impact on oil transit," he said.