Oil prices rose worldwide after Trump suggested ending the ceasefire with Iran during remarks at the Nato summit in Ankara.

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.

The price of Brent crude oil was up by as much as 3% on Wednesday morning to around 76 US dollars a barrel.

Oil prices jumped nearly 6% after the U.S. launched strikes against Iran and Trump declared the ceasefire "over."

Oil prices spiked after President Trump said the U.S.-Iran ceasefire is \