Crude oil prices jump 6%, hit two-week high after Trump says Iran peace deal is ‘over’. What are experts s
- Posted on July 8, 2026
- By Business News Today
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- 1 min read
Crude oil prices jump 6%, hit two-week high after Trump says Iran peace deal is ‘over’. What are experts s
Crude oil prices rose sharply on Wednesday to a two-week high after Donald Trump declared the Iran peace agreement "over", reviving fears of fresh supply disruptions from the Middle East. Analysts say concerns over the Strait of Hormuz, tighter sanctions and depleted inventories could keep oil prices elevated in the near term.
