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Breaking Posted 2 hours ago

Oil surges 7% as Trump ends Iran ceasefire deal

News
U.S. President Trump declared the Iran ceasefire agreement officially over, dismissing it as a waste of time. Brent crude jumped 7.6% to $79.76/bbl and WTI gained 7.2% to $75.40/bbl following Iranian attacks on commercial vessels in the Strait of Hormuz and subsequent U.S. retaliation. Rising geopolitical tension and energy-price volatility typically weaken risk currencies like AUD, NZD, and CAD while boosting safe havens; oil-linked pairs including USD/CAD and commodity currencies are most exposed.
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