{"id":2626499,"date":"2026-07-08T09:05:01","date_gmt":"2026-07-08T13:05:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oil-prices-spike-after-trump-declared-ceasefire-with-iran-over\/"},"modified":"2026-07-08T09:05:43","modified_gmt":"2026-07-08T13:05:43","slug":"oil-prices-spike-after-trump-declared-ceasefire-with-iran-over","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oil-prices-spike-after-trump-declared-ceasefire-with-iran-over\/","title":{"rendered":"Oil prices spike after Trump declared ceasefire with Iran &#8216;over&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Foil-prices-spike-after-trump-declared-ceasefire-with-iran-over%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2626499&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Oil prices surged following the United States&#8217; recent strikes against Iran and President donald Trump&#8217;s declaration that the ceasefire with Iran is &#8220;over.&#8221; Brent crude increased by over 3.2%,reaching around $76.48-$76.54 per barrel, while WTI rose similarly to approximately $72.72 per barrel. The situation intensified after Trump announced at the NATO Summit in Ankara that the ceasefire was ended, pushing Brent above $78 and WTI to about $74.50 per barrel. Brent crude rose by 5.7% and WTI by 5.8%. Experts indicated that market sentiment would be heavily influenced by geopolitical developments in the coming hours, with further <a href=\"https:\/\/amzn.to\/3YuVZYV\" >escalation possibly impacting equity markets<\/a> and technology sectors. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-adds-bitcoin-to-his-twitter-bio-bitcoin-surges-by-20\/\" title=\"Elon Musk Adds \u2018#bitcoin\u2019 To His Twitter Bio, Bitcoin Surges By 20%\">price spike<\/a> was driven by Iran&#8217;s renewed strikes on shipping through the Strait of hormuz and Trump&#8217;s inflammatory comments, describing Iran as &#8220;scum&#8221; and &#8220;sick people.&#8221; Trump expressed a desire to cease negotiations and criticized Iran as &#8220;liars&#8221; and &#8220;cheats,&#8221; suggesting that if the ceasefire ends, Iran is likely to close the Strait again, which coudl reverse recent oil price declines.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">Oil prices soared after the United States launched strikes against <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/iran\/\" type=\"post_tag\" id=\"100\">Iran<\/a> and President Donald Trump <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/foreign-policy\/4640037\/trump-iran-ceasefire-over-scum-sick-people\/\" type=\"post\" id=\"4640037\">declared the ceasefire \u201cover.\u201d<\/a><\/p>\n<p class=\"wp-block-paragraph\">After U.S. Central Command announced new strikes against Iran, Brent Crude jumped over 3.2% to $76.48-$76.54 per barrel. U.S. benchmark West Texas Intermediate similarly jumped 3.2% to around $72.72 per barrel. The situation worsened after Trump declared the ceasefire with Iran \u201cover\u201d while speaking at the NATO Summit in Ankara, Turkey, sending Brent above $78 per barrel and WTI to around $74.50 per barrel.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/4640075\/oil-prices-spike-trump-declared-ceasefire-iran-over\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Oil prices spike after Trump declared ceasefire with Iran \u2018over\u2019<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/4639694\/watch-live-trump-press-conference-nato-summit\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>WATCH LIVE: Trump meets with world leaders and holds a press conference on final day of NATO summit<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/4639718\/count-binface-nigel-farage-clacton-by-election\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Who is Count Binface? The very British candidate who could find himself in a face-off with Nigel Farage<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">Overall, Brent Crude shot up 5.7%, while WTI jumped 5.8%.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-1\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">Ipek Ozkardeskaya of Swissquote said in a commentary that the next few hours would be decisive in determining markets, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/abcnews.com\/Business\/wireStory\/oil-prices-jump-2-after-us-strikes-iran-134574031\" type=\"link\" id=\"https:\/\/abcnews.com\/Business\/wireStory\/oil-prices-jump-2-after-us-strikes-iran-134574031\">ABC News reported<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">\u201cAs such, geopolitical headlines will likely determine market sentiment over the coming hours. A further deterioration in the situation could weigh further on equity valuations along with rising stress in technology,\u201d she said.<\/p>\n<div style=\"position: relative; width: 100%; height: 0px; padding: 66.7% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/9f7e7959-0223-42b8-b5f6-3191856ffbff?src=embed&#038;embed_type=responsive_iframe\" title=\"Crude oil prices since Jan 28\" allowfullscreen allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-tell-americans-weve-done-our-part-to-reduce-gas-prices\/\" title=\"Dems Tell Americans: We\u2019ve Done Our Part To Reduce Gas Prices\">oil price spike<\/a> came after Trump went so far as to declare the ceasefire over after the Islamic Revolutionary Guard Corps launched new strikes against commercial shipping through the Strait of Hormuz, a statement he\u2019d carefully held back from ever since the April ceasefire.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-2\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\u201cTo me, I think it\u2019s over. I don\u2019t want to deal with them anymore. They\u2019re scum, do you know what scum is?\u2026 They\u2019re led by sick people. \u2026 I\u2019ll speak to our negotiators. They want to negotiate \u2014 they\u2019re good people \u2026 but they have to come back to me. As far as I\u2019m concerned, it\u2019s just a waste of time dealing with them,\u201d Trump told reporters.<\/p>\n<p class=\"wp-block-paragraph\"><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/foreign-policy\/4640037\/trump-iran-ceasefire-over-scum-sick-people\/\" type=\"post\" id=\"4640037\">TRUMP SAYS IRAN CEASEFIRE IS \u2018OVER\u2019: \u2018THEY\u2019RE SCUM. THEY\u2019RE SICK PEOPLE\u2019<\/a><\/strong><\/p>\n<p class=\"wp-block-paragraph\">\u201cThere\u2019s something wrong with them, they\u2019re cuckoo,\u201d he added, also calling them \u201cliars\u201d and \u201ccheats.\u201d<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-3\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-3\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">If the ceasefire ends, Iran is near certain to close the Strait of Hormuz again, quickly erasing the decline in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">oil prices<\/a> since last month when the memorandum of understanding was signed.<\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices surged as Trump declared Iran ceasefire over<\/p>\n","protected":false},"author":2653,"featured_media":2626500,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/07\/AP26189402470402.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[3823,41872,3634],"class_list":["post-2626499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-iran","tag-oil-prices","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/07\/AP26189402470402.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2626499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2626499"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2626499\/revisions"}],"predecessor-version":[{"id":2626503,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2626499\/revisions\/2626503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2626500"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2626499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2626499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2626499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}