Trump: US Ceasefire With Iran Is 'Over'

• US President Donald Trump announced the end of a tentative ceasefire with Iran.
• The decision followed new US strikes against Iran and the revocation of waivers allowing Iranian oil sales.
• Oil prices jumped significantly after Trump's comments, reflecting increased geopolitical risk and potential supply disruptions.
• The outlook for a long-term deal with Iran remains uncertain, with unresolved issues including future tolls on traffic through the Strait of Hormuz, unfreezing Iranian assets, and nuclear ambitions.

US President Donald Trump declared the tentative ceasefire with Iran 'over' following US strikes and the revocation of Iranian oil sale waivers, raising prospects of renewed military conflict. This geopolitical escalation immediately led to a significant jump in oil prices, indicating market concern over potential supply disruptions and economic instability.