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.

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

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