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US-Iran War Resumes: Trump Says Ceasefire Is Over, More Strikes Launched
MarketWatch.com·Thursday, 9 July 2026
President Trump announced at a NATO summit that an interim ceasefire deal with Iran is 'over' and warned of additional US military strikes. The US military then confirmed it launched further strikes on Iran. US stocks fell, with the Dow dropping about 1%, while oil prices surged to a two-week high.
Why It Matters
A full resumption of the US-Iran conflict is the single biggest driver of global oil prices and financial market instability right now, affecting economies and consumers worldwide.
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