Event Brief
US-Iran ceasefire collapse lifts Brent to $78
Filed: Jul 09, 2026 at 12:07 PM ET
Summary: Brent rose 5.2% to $78.02 after the US declared its Iran ceasefire over and Iran threatened to close the Strait of Hormuz.
WHO: US and Iran
WHAT: US declared its Iran ceasefire over and Iran threatened to close the Strait of Hormuz, driving Brent and WTI higher.
WHEN: Jul 09, 2026 at 11:14 AM ET
WHERE: Location not specified
WHY: The cause of the fire has not been reported.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
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