US Oil Update: Crude Surges as US-Iran Truce Collapses, Trump Warns of Fresh Attacks
() -- Crude oil futures rallied in midday trading on Wednesday after President Trump declared the ceasefire with Iran over and signaled that further military strikes were imminent. Front-month West Texas Intermediate crude futures climbed 5.8% to $74.48 per barrel, while Brent futures jumped 6.2% to $78.77/bbl. Trump,