Oil prices have surged nearly 6% after U.S. President Donald Trump said the interim agreement with Iran is “over,” though he will allow talks to continue

Brent crude futures were a long way below the war's peak prices but rose enough to wobble the bond market by increasing inflation risks.

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…