Oil prices surge after Trump says Iran truce is ‘over’
Commercial ship in the Strait of Hormuz near Bandar Abbas, Iran. (Amirhossein Khorgui/ISNA via AP) July 8, 2026 8:13 am, EDT | Update: July 8, 2026 11:35 am, EDT key takeaways: Oil prices rose more than 7% after US President Donald Trump said on July 8 that the interim deal with Iran was “dead” although