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Oil prices jump after Trump says Iran ceasefire 'over'

Politics The Hill By Sarah Davis 08 Jul 2026 14:21 1 min read
Oil prices jump after Trump says Iran ceasefire 'over'

The price of crude oil surged on Wednesday morning after President Trump declared the ceasefire agreement with Iran is “over.” Trump told reporters during the NATO summit in Ankara, Turkey, that he did not want “to deal” with Tehran anymore.  “They’re scum,” he added. The president's comments came just hours after U.S. Central Command announced...

The price of crude oil surged on Wednesday morning after President Trump declared the ceasefire agreement with Iran is “over.” Trump told reporters during the NATO summit in Ankara, Turkey, that he did not want “to deal” with Tehran anymore.  “They’re scum,” he added. The president's comments came just hours after U.S. Central Command announced...

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