Crude oil prices rose more than 6% to a two-week high after US President Donald Trump declared the interim accord to end the war with Iran "over", while fresh US military strikes renewed concerns about oil supplies through the Strait of Hormuz.

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…

On Wednesday morning, U.S. stock futures took a significant hit as President Donald Trump declared the memorandum of understanding with Iran null and void. This announcement…