Oil prices jumped 5% after Trump declared the Iran ceasefire over. Crude oil reaching a new all-time high by December 31 at 10.5% YES.

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.