1. News
  2. Top News
  3. Business
  4. Oil prices jump after Trump says ceasefire is over
Written By DW
Last Updated : Wednesday, 8 July 2026 (16:41 IST)

Oil prices jump after Trump says ceasefire is over

Oil prices
Written By: DW
Updated: Wed, 8 Jul 2026 (16:41 IST)
google-news
Oil prices rose sharply after US President Donald Trump said the memorandum of understanding with Iran was over.
 
The price of Brent crude oil jumped over 5% to more than $78 a barrel while US benchmark crude spiked almost 6%, at one point even crossing the $75-per-barrel mark.
 
Prices had seen a drop since shooting up well over $100 a barrel following the outbreak of the US-Iran war in late February. ALSO READ: Iran war: Trump says ceasefire 'over' after fresh strikes; calls talks with Tehran a 'waste of time'

 

About Writer
DW
Deutsche Welle (DW) is Germany's international public broadcaster. Funded by the German federal government while operating under editorial independence, it provides impartial news, in-depth analysis, and media development services in 32 languages, including English. Webdunia has a content partnership with DW to publish its content..... Read More
Next Article
Iran war: Trump says ceasefire 'over' after fresh strikes; calls talks with Tehran a 'waste of time'

China and India achieved diplomatic thaw. Now the border is flaring up

China and India achieved diplomatic thaw. Now the border is flaring upIndian authorities have confirmed a new border "face-off" between Indian and Chinese troops in Arunachal Pradesh, raising questions about the still fragile thaw in relations between New Delhi and Beijing.

What US midterm elections mean for Ukraine, Iran and elsewhere

What US midterm elections mean for Ukraine, Iran and elsewhereDonald Trump's Republicans will no longer control the US Congress after the Democrats flipped both chambers in the midterm elections. The outcome could impact conflicts in Europe and the Middle East.

Samsung Galaxy S27 Ultra Could Get These 5 Major Upgrades: Camera, Display to Battery

Samsung Galaxy S27 Ultra Could Get These 5 Major Upgrades: Camera, Display to BatterySamsung Galaxy S27 Ultra may launch in early 2027 with a 200MP camera, improved Privacy Display, 5,700mAh battery and 60W fast charging. Check expected features and price.

What US midterm elections mean for Ukraine, Iran and elsewhere

What US midterm elections mean for Ukraine, Iran and elsewhereDonald Trump's Republicans will no longer control the US Congress after the Democrats flipped both chambers in the midterm elections. The outcome could impact conflicts in Europe and the Middle East.

Dhirendra Shastri Apologises Over 'Tedhe' Lord Krishna Remarks: What Did Bageshwar Baba Say?

Dhirendra Shastri Apologises Over 'Tedhe' Lord Krishna Remarks: What Did Bageshwar Baba Say?Bageshwar Dham's Dhirendra Shastri apologised over his remarks comparing Lord Ram and Lord Krishna, saying his comments were taken out of context and he never intended to hurt devotees.

Chilling CCTV Footage! Two Helicopters Collide While Landing in Nepal, Indian National Killed

Chilling CCTV Footage! Two Helicopters Collide While Landing in Nepal, Indian National KilledAn Indian national was killed and three others were injured after Fishtail Air and Dynasty Air helicopters collided while landing at Nepal's Pheriche helipad. CCTV footage captures the accident.