Oil prices surged after Trump declared the Iran cease-fire 'over.' New all-time high for crude oil by December 31 at 10.5% YES.

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…