Stock Market Today: Futures Sink, Oil Soars as Trump Says Iran Truce ‘Over’; Chip Stocks Drop Further

Stock futures pointed to a sharply lower open and oil prices jumped Wednesday after President Donald Trump said he thought the U.S.’s ceasefire with Iran was “over” after fighting escalated overnight.

Jul 8, 2026 - 16:00
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Stock Market Today: Futures Sink, Oil Soars as Trump Says Iran Truce ‘Over’; Chip Stocks Drop Further
Stock futures pointed to a sharply lower open and oil prices jumped Wednesday after President Donald Trump said he thought the U.S.’s ceasefire with Iran was “over” after fighting escalated overnight.

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