US-Iran Ceasefire Expiration Sends Oil Prices Soaring

Oil prices surged as the US-Iran ceasefire expired without a final agreement in place. The expiration of the truce, which was set to last indefinitely, has raised concerns about potential conflicts and disruptions in global oil supplies.

The price of crude oil rose on news that the ceasefire had not been extended, with some reports indicating a significant increase in prices. However, no specific figures were mentioned in the source.