Oil prices soar as Trump says cease-fire with Iran 'over'

Oil prices spiked by nearly 6% following President Donald Trump's announcement that the temporary cease-fire with Iran is effectively over, though he hinted at the possibility of ongoing talks. This sudden shift has heightened global tensions, especially in the Middle East, where Iran's actions could significantly impact regional stability and energy supplies. The market's reaction underscores the delicate balance of geopolitical and economic factors that influence global oil prices, reflecting the broader implications for international trade and economic stability.