{"id":75578,"date":"2026-07-08T09:35:28","date_gmt":"2026-07-08T09:35:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/07\/08\/oil-prices-soar-as-middle-east-tensions-escalate\/"},"modified":"2026-07-08T09:35:28","modified_gmt":"2026-07-08T09:35:28","slug":"oil-prices-soar-as-middle-east-tensions-escalate","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/07\/08\/oil-prices-soar-as-middle-east-tensions-escalate\/","title":{"rendered":"Oil Prices Soar As Middle East Tensions Escalate"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Ol prices jumped more than 6 percent on Wednesday after U.S. President Donald Trump declared the Iran ceasefire &#8220;is over&#8221; at the NATO summit, heightening fears of a renewed conflict and Strait of Hormuz disruptions. <\/p>\n<p>Brent crude futures soared more than 6 percent toward $79 a barrel while WTI crude futures were up 6.5 percent at $75.01.<\/p>\n<p class=\"fade-paragraph\">Trump said the interim memorandum of understanding (MoU) with Iran is over and that he thinks U.S. representatives are wasting their time on negotiations. <\/p>\n<div class=\"paywall-wrapper\">\n<p><i class=\"bi bi-lock-fill\"\/> Subscribe to continue reading the article.<\/p>\n<p>This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.<\/p>\n<p>Start Free Trial<\/p>\n<p>FREE 7-Day Trial &#8211; No Payment Required<\/p>\n<\/div>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Oil Prices Soar As Middle East Tensions Escalate<\/a><br \/>\n<br \/>2026-07-08 09:35:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ol prices jumped more than 6 percent on Wednesday after U.S. President Donald Trump declared the Iran ceasefire &#8220;is over&#8221; at the NATO summit, heightening fears of a renewed conflict&#8230;<\/p>\n","protected":false},"author":2,"featured_media":75579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-75578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/75578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=75578"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/75578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/75579"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=75578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=75578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=75578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}