Oil Prices Jump After Trump Says Deal With Iran Is ‘Over’

Oil prices spiked following President Trump's declaration that the deal with Iran was "over," raising concerns over potential disruptions in the Strait of Hormuz, a critical shipping route for global energy supplies. This escalation comes amid attacks on ships in the area, which have heightened fears of a broader conflict impacting oil production and transport. The situation underscores the fragile balance of global energy markets and the geopolitical tensions that can have immediate economic repercussions. For those watching, it's a stark reminder of how regional conflicts can have far-reaching financial impacts.