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Oil prices jump as Trump says that Iran ceasefire deal is over

So much for peace and all that, eh? US president Trump is out now in saying that "I think it's over" on the deal/memorandum of understanding with Iran. It basically confirms that the fragile ceasefire is likely to end and that both sides are going to continue strikes again, at least for now. And in that sense, the Strait of Hormuz is likely to see a return…

Bullish · Oil investinglive Wed, 08 Jul 2026 08:26:44 UTC

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