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Oil prices jump after Trump says Iran ceasefire ‘over’

Jul 8, 2026Center

The price of crude oil surged on Wednesday morning after President Trump declared the ceasefire agreement with Iran is “over.” Trump told reporters during the NATO summit in Ankara, Turkey, that he did not want “to deal” with Tehran anymore. “They’re scum,” he added. The president’s comments came just hours after U.S. Central Command announced…

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US President Donald Trump says the ceasefire with Iran is over "as far as I’m concerned." He speaks during a press appearance in Ankara, where he is attending the 2026 NATO Summit. (Source: Bloomberg)

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