Three weeks of fragile peace bought President Donald Trump some time and leverage over Iran. But not too much.

Renewed hostilities between the US and Iran have also heightened safety and security concerns around the Strait of Hormuz.

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

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

Uncertainty over the ceasefire means uncertainty over prices.