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US Hits Iran Again and Oil Surges to 2-Week High as Ceasefire Collapses

2026-07-08 4 Dailymotion

Brent crude jumped 6.6% to $79 in after-hours trading — touching $80.59 intraday, its highest in over two weeks — after the U.S. launched a second consecutive night of strikes on Iran, hours after President Trump said the Washington-Tehran ceasefire was "over." U.S. Central Command said the strikes were aimed at protecting shipping through the Strait of Hormuz, following Tuesday's attack on more than 80 Iranian targets and Iran's retaliatory strikes on 85 U.S. sites across the Middle East.
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