Oil prices jump by the most in two months after Trump suggests U.S.-Iran cease-fire is over

AI Summary

Oil prices surged to their highest level in two months after President Donald Trump stated that the U.S.-Iran cease-fire is over, calling engagement with Tehran futile. This impacted Brent crude and West Texas Intermediate contracts significantly.

Brent crude and West Texas Intermediate contracts climbed on President Donald Trump saying dealing with Tehran is “a waste of time”