Crude oil prices surged nearly 6% after U.S. President Donald Trump declared the interim agreement with Iran "over", triggering fresh concerns over global oil supplies. The spike follows renewed hostilities, attacks on vessels in the Strait of Hormuz, and fears of further disruptions in one of the world's busiest energy corridors. Here's why oil prices are rising again and what it could mean for India.

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.

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.