Oil Prices Jump After US Iran Ceasefire Expires and Trump Threatens Oman The oil markets have been on a rollercoaster ride for months, with Monday marking another turning point as US Iran tensions continued to simmer.
With the two month ceasefire deadline expired and no breakthrough in sight, Brent crude prices surged above $90 per barrel for the first time since July 30.
One of the most striking aspects of this latest price spike is its timing.