Crude oil prices rise after Trump declares end to ceasefire with Iran

Trump further said that he does not want to deal with Iran anymore.

“I think it’s over. I don’t want to deal with them any more; they’re scum,” Trump said.

Recall that in June, the US and Iran had secured a comprehensive ceasefire framework.

DAILY POST reports that the Iran, United, and Israel conflict escalated on February 28th, 2026 leading to a spike in global energy prices.

The latest resurgence in crude oil prices would have a negative impact on domestic petrol prices already easing in Nigeria.