Oil prices spiked on Wednesday to the highest level in weeks and stocks dropped after President Trump said he thought the cease-fire with Iran was “over.”

Oil prices spiked on Wednesday to the highest level in weeks and stocks dropped after President Trump said he thought the cease-fire with Iran was “over.” Link Oil Prices Jump After Trump Says Deal With Iran Is ‘Over’ Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.