Oil prices surge after Trump says interim Iran peace deal is “over”

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Oil prices surged sharply after U.S. President Donald Trump declared that an interim peace deal with Iran was over following renewed attacks in the Persian Gulf. Brent crude futures rose by 5.5% to $78.24 a barrel amid escalating tensions.

🌐 Location: SN — Sources: 1 — First seen: 2026-07-08 — Last seen: 2026-07-08