S9/10Geopolitical

Oil prices jump 5 percent after Trump says Iran ceasefire over

Oil prices jump 5 percent after Trump says Iran ceasefire over International benchmark Brent North Sea crude jumped 5.3 percent to $78.09 a barrel, while the main US contract, West Texas Intermediate, advanced 5.4 percent to $74.23 a barrel. The US has launched extensive strikes on Iran following attacks on ships in the Strait of Hormuz, triggering a wave of reprisals against American bases in the Gulf.

08 Jul 2026, 09:06 UTCSource: Middle East EyeOriginal source

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