BUSINESSJul 8 · 14:09 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Oil prices rise, and stocks fall worldwide after Trump says ceasefire with Iran is 'over'

Oil prices rose and global stocks fell after President Donald Trump stated the ceasefire with Iran is 'over', causing market volatility and concerns about regional stability. The S&P 500 dropped 0.5%, Brent crude climbed 4.8%, and companies in energy-dependent sectors like airlines and housing saw significant losses.

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Donald TrumppersonIranplaceS&P 500topicBrent crudetopicStrait of HormuzplaceAmerican AirlinesorganizationNvidiaorganization

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