Crude chaos: Oil nears $80 a barrel again after Trump declares US-Iran ceasefire 'over'
After a brief spell of calm, global oil markets are once again facing chaos.
Crude oil prices surged another 1% on Thursday after already recording a 5% jump in the previous trading session, as US President Donald Trump declared that the ceasefire agreement with Iran was "over." At the same time, fresh US military strikes on Iranian targets heightened fears of disruptions to global crude supplies.
Crude oil prices surged another 1% on Thursday after already recording a 5% jump in the previous trading session, as US President Donald Trump declared that the ceasefire agreement with Iran was "over." At the same time, fresh US military strikes on Iranian targets heightened fears of disruptions to global crude supplies.
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