Oil prices surge over 5% after Trump declares end to ceasefire with Iran
via Le Matin1 min read
Oil prices experienced a significant increase, with Brent crude for September delivery rising by 5.26% to $78.06 per barrel, and West Texas Intermediate for August delivery climbing 5.32% to $74.19 per barrel. This surge followed an announcement by US President Donald Trump in Ankara, where he stated that the ceasefire with Iran was "over." Trump described the Iranians as "liars" and referred to Iran as a "sick" country, adding that negotiating with them was "simply a waste of time."
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This summary was AI-generated from a story originally published by Le Matin.
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