Crude oil prices rise after Trump declares end to ceasefire with Iran

Nairavoice | Jul 8, 2026 537 0 1 min read
Crude oil prices rise after Trump declares end to ceasefire with Iran

Trump further said that he does not want to deal with Iran anymore.

“I think it’s over. I don’t want to deal with them any more; they’re scum,” Trump said.

Recall that in June, the US and Iran had secured a comprehensive ceasefire framework.

DAILY POST reports that the Iran, United, and Israel conflict escalated on February 28th, 2026 leading to a spike in global energy prices.

The latest resurgence in crude oil prices would have a negative impact on domestic petrol prices already easing in Nigeria.

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Nairavoice
Nairavoice

Contributor at NairaVoice.com.ng

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