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A broker watches his screens at the stock market in Frankfurt, Germany, Friday, April 17, 2026.

Markets

Video. Oil jumps as Trump declares Iran ceasefire over, European stocks slide

Updated: 08/07/2026 - 11:57 GMT+2

Crude oil prices rose more than 6% to a two-week high after US President Donald Trump declared the interim accord to end the war with Iran "over", while fresh US military strikes renewed concerns about oil supplies through the Strait of Hormuz.

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