World oil prices soared more than five percent Wednesday after US President Donald Trump said the ceasefire with Iran was over, following fresh strikes in the Middle East.
International benchmark Brent North Sea crude jumped 5.3 per cent to $78.09 a barrel, while the main US contract, West Texas Intermediate, advanced 5.4 per cent to $74.23 a barrel.
READ ALSO: Iran Ceasefire ‘Is Over’ — Trump
The US has launched extensive strikes on Iran following attacks on ships in the Strait of Hormuz, triggering a wave of reprisals against American bases in the Gulf.
AFP
The post Oil Jumps 5% After Trump Says Iran Ceasefire Over appeared first on Channels Television.
Modern Ghana
Punch Nigeria
Vanguard Nigeria
Premium TImes
Daily Post
Bella Naija
This Day
Channels TV
Business Day
InformationNG
The Leadership