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Trump ends Iran ceasefire, oil climbs over 4%

7/9/2026

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Summary

Story summary

U.S. President Donald Trump ended the Iran ceasefire and ordered new airstrikes.
Oil prices rose more than 4 percent after the strikes.
Analysts warned gasoline could reach $4 per gallon and diesel $5 per gallon.
Trump praised Chinese leader Xi Jinping’s authoritarian control while delivering anti-communist speeches.
Trump’s call to FIFA President Gianni Infantino reversed a red-card ban on Folarin Balogun, drawing journalists’ condemnation.

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Story summary

U.S. President Donald Trump ended the Iran ceasefire and ordered new airstrikes.
Oil prices rose more than 4 percent after the strikes.
Analysts warned gasoline could reach $4 per gallon and diesel $5 per gallon.
Trump praised Chinese leader Xi Jinping’s authoritarian control while delivering anti-communist speeches.
Trump’s call to FIFA President Gianni Infantino reversed a red-card ban on Folarin Balogun, drawing journalists’ condemnation.