Resumed hostilities reversed a monthlong drop in fuel prices.

Trump said the ceasefire with Iran is over. Trump praised the NATO alliance. Trump said he’ll let Ukraine have Patriot missiles. Oil prices surged. A judge blocked the Justice Department from obtaining Georgia election worker info.

Airline stocks and oil have traded in opposite directions the past few weeks, with carriers’ shares hitting highs as the price of oil receded. That’s reversing today, after President Trump said the ceasefire with Iran was over.

In contrast, negotiators in the Mideast are still getting started, with the midterm U.S. elections looming and Trump eager to end the unpopular war. The terms of ceasefires can be vague or highly specific.

The US military said the strikes were in response to Iranian attacks on three commercial vessels on Tuesday that violated the ceasefire

Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

Hamas announced on Monday that it will dissolve its government in Gaza, a move that experts say puts pressure on Israel as progress from the US-brokered ceasefire plan has stalled.