in-cyprus9 Jul 2026

Oil surges, stocks fall as Trump says Iran ceasefire no longer exists

Energy markets were on alert after US President Donald Trump said the ceasefire with Iran no longer exists, sending oil prices sharply higher and rattling global stock markets already anxious over the escalating conflict.

Speaking on the sidelines of the NATO Summit in Turkey, Trump said efforts to end the conflict with Iran were not progressing as expected and that the ceasefire was no longer in place. The comments overturned the more optimistic mood that had built up in recent days, when...

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