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News 2026-07-09 13:40 UTC

EMEA Oil Update: Oil Rise as Military Escalation Shatters US-Iran Truce

() -- Crude oil futures hovered near multi-week highs on Thursday after President Donald Trump declared the US-Iran ceasefire "over" following direct military strikes between US and Iran. Brent crude futures rose 0.7% to $78.55 per barrel after hitting more than $80 a barrel in the previous session, the highest since J