Oil markets wobble as US and Iran break ceasefire, ending month‑long price decline

The United States and Iran ended their recently brokered ceasefire. The breakdown reignited hostilities in the region. The renewed conflict sent shockwaves through global oil markets. Traders noted a sharp increase in price volatility. Fuel prices, which had been falling for a month, began to rise again. The reversal of the price decline reflects market uncertainty. Analysts warn that continued fighting could further destabilize energy supplies. Observers will watch diplomatic efforts for any signs of de‑escalation.