Oil jumps 6% after Trump declares Iran ceasefire over
Global oil prices climbed to around $78 per barrel on Wednesday after renewed military confrontation between the United States and Iran heightened concerns over supply disruptions in the Middle East.
July 08, 2026 (MLN): Global oil prices climbed to around $78 per barrel on Wednesday after renewed military confrontation between the United States and Iran heightened concerns over supply disruptions in the Middle East. Currently, Brent crude futures is up, 6.15%, at $78.72 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is up by $4.08, or 5.79%, to $74.52 per barre...