Skip to content
The Nexus
BUSINESSJul 8 · 17:45 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

Oil prices rise 5%, and Dow drops 500 points after Trump says ceasefire with Iran is 'over'

Oil prices rose 5.8% to $78.43 per barrel as stock markets dropped globally following President Donald Trump's statement that the ceasefire with Iran is 'over.' The Dow Jones fell 1% while AI stocks like Nvidia offset some losses, but airline and housing industry stocks declined sharply due to rising fuel costs and bond yields.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned
Donald TrumppersonIranplaceBrent crudetopicS&P 500organizationDow Jones Industrial AverageorganizationNasdaq CompositeorganizationNvidiaorganizationStrait of Hormuzplace
Spot something wrong with this article?Report a problem →
Forward this
Related Signal

Adjacent reporting