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July 9, 2026

Oil prices rise, and stocks drop worldwide

By STAN CHOE
AP Business Writer

NEW YORK — Oil prices rose, and stock markets dropped in shaky trading worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran.

The S&P 500 fell as much as 1.1% after Trump said the ceasefire agreement was “over,” but the index then trimmed its loss to 0.3% after Trump said recent fighting did not mean a return to full-scale war. They're his latest mixed messages on what will happen with the war, which threatens to worsen inflation for the world.


 
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