Brent Crude Surges Over 5% Amid Renewed US-Iran Tensions

KSJB AM 600 (citing AP) · Jul 08, 2026 00:00

Brent crude oil prices jumped over 5% to $78.10 a barrel on July 8, 2026, after U.S. President Trump declared the interim agreement with Iran 'over'. This followed U.S. strikes in retaliation for attacks on three ships in the Strait of Hormuz, raising concerns about Middle East oil supply stability.