World oil prices soared more than five percent Wednesday after US President Donald Trump said the ceasefire with Iran was over...

July 8 : Oil prices jumped more than 5 per cent on Wednesday, hitting a two-week high after U.S. President Donald Trump said the memorandum of understanding to end the conflict…

Brent crude jumped 6.2 per cent to US$78.74 a barrel as at 5pm Singapore time. Read more at straitstimes.com. Read more at straitstimes.com.

Crude oil prices spike over 6% after Trump declares the ceasefire with Iran "over," raising geopolitical tensions.