US markets retreat, oil prices jump more than 5% after Trump says ceasefire with Iran is 'over'
- Posted on July 8, 2026
- By Star Tribune
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- 1 min read
US markets retreat, oil prices jump more than 5% after Trump says ceasefire with Iran is 'over'
U.S. stock futures slid lower and oil prices surged more than 5% after President Donald Trump said Wednesday that the interim agreement with Iran is over, though he will allow talks to continue.