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Oil surges after Trump says U.S.-Iran ceasefire is over

Oil markets reacted to renewed U.S.-Iran hostilities after U.S. forces said they struck scores of targets in Iran.

Published Jul 8, 2026, 6:46 AM EDT | LehighValleyLive

Oil prices jumped more than 6% early Wednesday morning after President Donald Trump said the U.S.-Iran ceasefire is “over.”