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Event Brief

US-Iran ceasefire collapse lifts Brent to $78

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 9, 2026 at 11:14 AM ET
WHERE: Location not specified
WHY: The cause of the fire has not been reported.

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