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Why oil prices could go up faster than when Iran war first broke out if renewed fighting lasts long

Name: Why oil prices could go up faster than when Iran war first broke out if renewed fighting lasts long
Uploaded: 2026-07-08T17:23:00-0400
Duration: 3 min 47 s
Description: Oil prices rose more than 7% to a two-week high after President Trump declared the Iran ceasefire over. Joseph Majkut, director of the Energy Security and Climate Change Program at the Center for Strategic and International Studies, joins with analysis.

Oil prices rose more than 7% to a two-week high after President Trump declared the Iran ceasefire over. Joseph Majkut, director of the Energy Security and Climate Change Program at the Center for Strategic and International Studies, joins with analysis.