Home World UPDATE 11-Oil prices jump 7% as US-Iran truce buckles under fresh hostilities

UPDATE 11-Oil prices jump 7% as US-Iran truce buckles under fresh hostilities

UPDATE 11-Oil prices jump 7% as US-Iran truce buckles under fresh hostilities

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Published: July 8, 2026 22:45:05 IST

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(Adds latest prices) * Trump said the United States was likely to launch new strikes on Wednesday night * About 20% of global oil supplies passed through the Strait of Hormuz before the war * Russia

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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