Jul 9, 2026
negativeUS-Iran War Reignites: 90 CENTCOM Strikes After Ceasefire Collapses — Oil Climbs 4.4% to $73.52 as Hormuz Risk Returns
US Central Command struck 90 Iranian military targets overnight after President Trump declared the fragile ceasefire "over" following Iranian attacks on three commercial vessels in the Strait of Hormuz. Iran retaliated by targeting Bahrain, Kuwait, and Qatar, and the US revoked its waiver on Iranian oil sales sanctions. WTI crude rose 4.4% to $73.52, Brent climbed 5.4% to $78.19. Dow futures fell 0.1% while Nasdaq-100 futures rose 0.7% as AI names decoupled from the geopolitical shock.