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Oil jumps as President Trump says ceasefire is ‘over’ | Morning Bid

visibility comment0 event July 8, 2026 timer 09:04

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Oil jumps after President Donald Trump says the U.S. ceasefire with Iran is over after the two sides traded attacks overnight. Chip stocks slide as China reportedly considers limiting foreign access to its top AI models and DeepSeek pursues its own chip. And FOMC minutes due later in the day arrive against a backdrop of higher bond yields.

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