Axios
US · 11 mins ago
Oil jumps after Trump's Iran ceasefire comments
Data: Financial Modeling Prep; Chart: Ben Geman/Axios
Oil markets are taking President Trump's claim that the Iran ceasefire is "over" seriously, but not literally.
Why it matters: The price jump is big, but even now, there are signs that the markets aren't expecting a complete return to war.
The latest: Prices climbed Wednesday morning after Trump said that while negotiations can continue, they are a "waste of time."
His comments followed the U.S. conducting a new round of strikes on Iran, re
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