Ceasefire agreement came and went just like that, but crude oil surged first. This script is all too familiar.

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According to CNBC, U.S. President Trump said at the NATO summit in Turkey that, due to a renewed escalation of hostilities in the Middle East, the ceasefire agreement with Iran “has already ended.” Possibly affected by this news, global stock index futures fell, while Brent crude broke above $77 per barrel, up 1.59% during the day.
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