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The Guardian - US

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Trump news at a glance: Oil price surges again as Iran accuses US of breaking ceasefire

United States Donald Trump Iran Leo XIV Oil Hormuz John Kennedy Tehran

A car at a Chevron gas station in San Francisco — Prices displayed at a Chevron gas station in San Francisco, California. The oil price surged after Iran accused the US of breaking a ceasefire. Photograph: Bloomberg/Getty Images

America’s benchmark oil contract West Texas Intermediate (WTI) surged late on Sunday after Iran accused the US of having broken a ceasefire in place since early April.

WTI crude was trading up 7.5% at $90.17 per barrel by 8pm ET, while international oil benchmark Brent North Sea crude gained 6.%5 to $96.27 per barrel.

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