Oil jumps as Trump ends Iran cease-fire, Brent tops $111

Oil prices are rising as Trump ends the Iran cease-fire, pushing Brent above $111. This development increases geopolitical risks and may disrupt global oil supplies, tightening energy markets. Simultaneously, Brent oil nears $80 and WTI tops $75 as tensions escalate in the Hormuz region. These combined factors threaten to destabilize global markets, creating significant economic impacts for nations that rely heavily on the import and export of oil resources worldwide.