US futures tumble as Trump says Iran deal is 'over'; oil climbs
- Posted on July 8, 2026
- By Business News Today
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- 1 min read
US futures tumble as Trump says Iran deal is 'over'; oil climbs
On Wednesday morning, U.S. stock futures took a significant hit as President Donald Trump declared the memorandum of understanding with Iran null and void. This announcement sparked a notable rise in oil prices, leading to a boost in energy stocks during premarket trading. Meanwhile, investors await the release of the minutes from the U.S. Federal Reserve meeting for further insights.
