{"id":3024,"date":"2026-07-09T14:34:13","date_gmt":"2026-07-09T14:34:13","guid":{"rendered":"https:\/\/arizonamovinginsider.com\/?p=3024"},"modified":"2026-07-09T14:34:13","modified_gmt":"2026-07-09T14:34:13","slug":"oil-prices-rise-and-dow-drops-after-trump-says-ceasefire-with-iran-is-over","status":"publish","type":"post","link":"https:\/\/arizonamovinginsider.com\/?p=3024","title":{"rendered":"Oil prices rise and Dow drops after Trump says ceasefire with Iran is ‘over’"},"content":{"rendered":"
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Oil prices are rising, and stock markets are dropping worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran.<\/p>\n

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The S&P 500 fell 0.4% after Trump said the agreement to pause fighting was \u201cover,\u201d though he added that he would allow negotiations to continue. The Dow Jones Industrial Average was down 603 points, or 1.1%, as of 12:49 p.m. Eastern time, and the Nasdaq composite was 0.2% lower.<\/p>\n

The action was stronger in the oil market, where the price for a barrel of Brent crude climbed 7.4% to $79.64. That\u2019s well below its peak from earlier in the war, when the price for the most actively traded contract reached nearly $120. But the jump is unsettling because oil prices had just dropped back to where they were before the war.<\/p>\n

RELATED STORY | <\/b>Trump says ceasefire \u2018over\u2019 as Iran launches Gulf attacks on US bases<\/b><\/p>\n

The worry is that a continuation of the war will block the Strait of Hormuz and prevent the delivery of crude from the Persian Gulf to customers worldwide. That could worsen inflation, which economists expected would ease with oil prices, and in turn force the Federal Reserve and other central banks to raise interest rates.<\/p>\n

Higher rates can keep a lid on inflation, but they also slow the economy and hurt prices for all kinds of investments.<\/p>\n

Losses for stock markets in Europe accelerated, and oil prices climbed immediately after Trump said, \u201cFor me, I think it\u2019s over\u201d about the status of the ceasefire. He added that U.S. representatives can continue negotiations, \u201cbut I think they\u2019re wasting their time.\u201d<\/p>\n

Trump later said the United States was preparing for another night of strikes against Iran.<\/p>\n

On Wall Street, companies with big fuel bills fell sharply. American Airlines lost 3.9%, and United Airlines fell 2.3%.<\/p>\n

Stocks of companies in the housing industry were also weak. They were hurt by worries that rising Treasury yields in the bond market will lead to higher rates for mortgages and chill the industry.<\/p>\n

Builders FirstSource, which sells countertops, windows and other building supplies, fell 4.8%. Homebuilders PulteGroup fell 4.3%, and D.R. Horton sank 4.1%.<\/p>\n

Drops of 3.5% for Sherwin-Williams and 2.8% for Home Depot were two of the biggest reasons the Dow was heading toward its worst loss in about a month.<\/p>\n

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Helping to offset those losses was a steadying for some influential stocks in the artificial-intelligence industry. They\u2019ve been under pressure in recent weeks on worries that their prices shot too high and that AI may not produce enough productivity and profits to make all the investments in chips and data centers worth it.<\/p>\n

Their swings carry a lot of weight on Wall Street because AI stocks have grown into some of the U.S. market\u2019s biggest, giving their movements more effect on the S&P 500 than other stocks.<\/p>\n

Nvidia rose 1.7%, for example, and was the second-strongest force pushing upward on the S&P 500 because it’s the largest stock on Wall Street.<\/p>\n

The strongest push upward on the market came from Broadcom, which rose 6%. Apple announced a multiyear commitment with Broadcom to design and produce custom components for its products. Apple said the agreement’s value could top $30 billion.<\/p>\n

In the bond market, Treasury yields rose with the price of oil. The yield on the 10-year Treasury climbed to 4.58% from 4.55% late Tuesday and from just 3.97% before the war with Iran began.<\/p>\n

In stock markets abroad, losses for European markets worsened after Trump made his comments, and Germany\u2019s DAX lost 2.2%.<\/p>\n

In Asia, South Korea\u2019s Kospi dropped 5.3% and continued its sharp swings amid dueling worries and euphoria about the AI stocks that dominate its market.<\/p>\n

Hong Kong\u2019s Hang Seng index was an outlier and rose 3%.<\/p>\n

Shares that trade in Hong Kong of Chinese AI startup Zhipu, known also as Z.ai and traded as Knowledge Atlas Technology, jumped 13.4%.<\/p>\n

A six-month lock-up period for \u201ccornerstone\u201d investors following its January trading debut in Hong Kong expires this week. China National Radio reported late Tuesday that nearly 70% of Zhipu\u2019s cornerstone investors are committed to stay on, despite previous worries that the lock-up period expiration could trigger a sell-off.<\/p>\n

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Zhipu\u2019s share price has risen more than 1,300% since its debut.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oil prices surged and stocks dropped worldwide after President Trump said the Iran ceasefire truce is “over.”<\/p>\n","protected":false},"author":1,"featured_media":3023,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-3024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iran-war"],"yoast_head":"\nOil prices rise and Dow drops after Trump says ceasefire with Iran is 'over' - Arizona Moving Insider<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arizonamovinginsider.com\/?p=3024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices rise and Dow drops after Trump says ceasefire with Iran is 'over' - Arizona Moving Insider\" \/>\n<meta property=\"og:description\" content=\"Oil prices surged and stocks dropped worldwide after President Trump said the Iran ceasefire truce is "over."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/arizonamovinginsider.com\/?p=3024\" \/>\n<meta property=\"og:site_name\" content=\"Arizona Moving Insider\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-09T14:34:13+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/#\\\/schema\\\/person\\\/9c272b4cf18e019eb01eb3c1b5d855fb\"},\"headline\":\"Oil prices rise and Dow drops after Trump says ceasefire with Iran is ‘over’\",\"datePublished\":\"2026-07-09T14:34:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024\"},\"wordCount\":783,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/arizonamovinginsider.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/6155e20ec2d7aca1eb577f65534b84c6-scaled.jpg\",\"articleSection\":[\"Iran War\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024\",\"url\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024\",\"name\":\"Oil prices rise and Dow drops after Trump says ceasefire with Iran is 'over' - Arizona Moving Insider\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/arizonamovinginsider.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/6155e20ec2d7aca1eb577f65534b84c6-scaled.jpg\",\"datePublished\":\"2026-07-09T14:34:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/#\\\/schema\\\/person\\\/9c272b4cf18e019eb01eb3c1b5d855fb\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=3024#primaryimage\",\"url\":\"https:\\\/\\\/arizonamovinginsider.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/6155e20ec2d7aca1eb577f65534b84c6-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/arizonamovinginsider.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/6155e20ec2d7aca1eb577f65534b84c6-scaled.jpg\",\"width\":2560,\"height\":1706,\"caption\":\"Options traders Serge Marinovich, left, and Phil Phil Fracassini work on the floor of the New York Stock Exchange, Friday, June 26, 2026. 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