Oil surges, stocks tumble as Trump declares Iran MOU 'over' | live

By Amanda Cooper and Tom Westbrook LONDON, July 8 (Reuters) - Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after U.S. President Donald Trump said the memorandum of understanding signed with Iran to end the Gulf conflict was "over".

Jul 8, 2026 - 13:00
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Oil surges, stocks tumble as Trump declares Iran MOU 'over' | live
By Amanda Cooper and Tom Westbrook LONDON, July 8 (Reuters) - Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after U.S. President Donald Trump said the memorandum of understanding signed with Iran to end the Gulf conflict was "over".

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