Oil Prices Rise as Trump Declares Iran Ceasefire Over

Oil prices edged higher in early trading after US President Donald Trump announced that the ceasefire with Iran has ended. The statement follows a series of attacks on commercial vessels in the Strait of Hormuz on Tuesday, which prompted retaliatory military strikes by the United States.

Geopolitical risk premiums are repricing as traders assess the likelihood of further disruptions to oil flows through the strategic waterway. However, analysts question whether the escalation marks a genuine shift in policy or is merely temporary rhetoric.

No immediate change in supply volumes has been reported, and market participants are watching for concrete actions before fully pricing in a sustained rally.