Trump announced that negotiations with Iran would continue. But he added: “The truce is over.”

The U.S. has agreed to continue negotiations on a peace deal with Iran, U.S. President Donald Trump wrote on the social media platform TruthSocial. However, “the ceasefire [in effect between the parties since spring] has ended,” he emphasized.

"The Islamic Republic asked us to continue 'negotiations.' We agreed, but the U.S. made it absolutely clear to them that the ceasefire is OVER!" Trump announced.

Against the backdrop of these statements, Brent crude oil prices nearly returned to their intraday high—jumping above $77 per barrel; however, they subsequently slowed their pace of growth—at the time of publication, they are trading slightly higher than the previous close, at $76.32 per barrel. U.S. WTI futures are trading at $71.9.

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