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Oil Soars as Iran Ceasefire Falters | Raleigh News
Oil prices surged over six percent after Trump signaled the Iran ceasefire deal was off, sending Brent crude to $78.80 and U.S. crude to $75 a barrel—reversing recent declines. Triggered by U.S. strikes on Iran following attacks on ships in the Strait of Hormuz, the move threatens to disrupt long-standing shipping practices. Global markets reacted with steep losses, including in Germany, France, and the UK, while AI stock volatility adds to investor anxiety. Geopolitical uncertainty is now a major short-term market driver, with eyes on inflation and economic fallout. Listen in comfort:Get a…
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