Crude Prices Rise Over 4% After Trump Declares Iran MOU "Over"

Hyperdash News07/08/2026 08:38 UTCCommodities

Brent and WTI crude oil prices rose over 4% after former President Trump stated the Iran Memorandum of Understanding (MOU) was "over." This declaration introduced new geopolitical uncertainty in the Middle East. The market reacted to potential disruptions in oil supply, pushing prices higher.

The former president's statement implies a shift in policy regarding Iran, which could impact global oil flows. Increased tensions in the Middle East often lead to concerns about supply stability from the region. The early reaction on Hyperdash:

Brent Crude up +0.82%,

WTI Crude up +1.01%.

Sources

First Squawk

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