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Breaking Posted 3 hours ago

Trump declares Iran ceasefire over; crude oil surges

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President Trump announced the Iran ceasefire agreement is "over" during a NATO summit in Ankara, sparking an immediate crude oil price spike. Oil-sensitive currencies including USD, CAD, and NOK face volatility; risk-on sentiment may weaken emerging-market pairs as geopolitical tension rises and energy costs climb.
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1 hour ago

Brent crude surges 5% to $78 after Iran tanker attacks

Iran attacked fossil fuel tankers near the Strait of Hormuz, prompting Donald Trump to declare the ceasefire deal 'over.' Brent crude jumped 5% to $78/barrel, the highest level since negotiations began last month. USD strength and commodity-linked currencies (CAD, NOK, RUB) will face volatility; traders should monitor energy prices and geopolitical risk premiums for directional cues on risk sentiment.

https://www.theguardian.com/world/2026/jul/08/oil-prices-rise-iran-attack-tankers-strait-of-hormuz
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@nsg_usd · 2 hours ago

the oil spike coincides with the major support price region.

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