Oil prices jump after Trump says ceasefire is over; US, Iran trade strikes

4 months ago 19
A group of people stands in shallow water as a cargo ship appears anchored in the Strait of Hormuz off Bandar Abbas, Iran, Tuesday, June 30, 2026. (Amirhosein Khorgooi/ISNA via AP)

Oil prices jumped more than 6% early Wednesday morning after President Donald Trump said the U.S.-Iran ceasefire is “over.”

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