Oil Prices Swing as Iran-U.S. Ceasefire Talks Keep Falling Apart

Since April, the Iran-U.S. ceasefire has been agreed, broken, and declared dead multiple times. Each reversal jolts oil prices higher or lower as traders bet on Middle East conflict. President Trump declared it "over" on July 8, continuing a cycle where peace deals collapse within days. Wall Street forecasters keep getting caught flat-footed, cutting their oil price predictions only after the market has already moved.