What did President Trump say about the Iran ceasefire, and how did markets react?

President Trump declared the interim accord to end the war on Iran 'over' following tit-for-tat airstrikes, prompting U.S. stocks (S&P 500 and Dow) to drop and crude oil prices to surge—WTI and Brent rose 4.4% and 5.2%, respectively—reaching a two-week high. The market reaction reflected a pronounced 'risk-off' sentiment amid escalating geopolitical tensions.

What did the Federal Reserve's latest meeting minutes reveal about inflation and interest rate expectations?

The Fed's June meeting minutes, released Wednesday, showed that while 'most participants' believed inflation could cool on its own, 'a few' expressed mounting concerns and saw a case for near-term rate hikes; the overall debate remained broadly divided on the appropriate path for monetary policy.

Trading Day: War On, Risk-Off; Stocks Drop, Crude Jumps as Trump Calls Iran Peace Deal 'Over'

Jul 8, 2026

Global stocks fell and crude oil prices surged after President Trump declared the interim accord with Iran over following airstrikes. WTI and Brent crude settled up 4.4% and 5.2% respectively amid heightened geopolitical risks.

reuters

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