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geopoliticsbullishWTIPublished Jul 8, 2026, 2:00 PM

US-Iran Ceasefire Collapses as Trump Says Deal 'Over'

US-Iran Ceasefire Collapses as Trump Says Deal 'Over'
President Trump declared the interim accord with Iran over after renewed attacks including Iranian strikes on US bases and shipping in the Strait of Hormuz, prompting fresh US military strikes; oil prices jumped over 5% to two-week highs on supply disruption fears.

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