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Around July 8, 2026, oil prices jumped by 5 to 6 percent after President Donald Trump said the ceasefire with Iran was "over." The announcement also pushed the U.S. dollar to a one-week high and sent gold prices lower. Markets reacted sharply to the news, which raised concerns about potential supply disruptions in the oil-rich Middle East.
by WorldBrief & Maksim Micheliov | AI-generated summary
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