Oil prices jump to $80 per barrel after Trump ends Iran ceasefire. Discover how renewed tensions and the Strait of Hormuz closure impact global oil prices.

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

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

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

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 \

Trump-Iran tensions disrupt Gulf oil markets, pushing prices higher. WTI reaching $110 in July 2026 at 1.8% YES.

Oil prices surged as Trump ended the Iran cease-fire, with new all-time high by September 30 at 6.7% YES.