The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0858 GMT - A selloff in U.S. and eurozone government bonds accelerates after U.S. President Trump says the ceasefire with Iran is over. Yields had already hit four-week highs earlier in response to military escalation between the U.S. and Iran. Trump's announcement push yields up further as oil prices also increase, with Brent rising 5% to $77.89. The 10-year U.S. Treasury yield rises 4.8 basis points to 5.577% while the 10-year German Bund yield rises 8 basis points to 3.064%, according to Tradeweb. (emese.bartha@wsj.com)

0854 GMT - Oil prices jump after President Trump said he believed his ceasefire deal with Iran is over. In midmorning trade, Brent crude rises 4.7% to $78.42 a barrel, while WTI futures are up 5.9% to $74.61 a barrel after climbing more than 6% shortly before. Trump's remarks came after the two sides exchanged strikes and the U.S. revoked a waiver allowing Tehran to sell oil. The oil market's forward curve has also strengthened, with the front end moving back into backwardation, which occurs when futures with near-term deliveries are marketed at a premium over longer-dated contracts. The shift indicates traders are once again willing to pay a premium for immediate crude supplies, reflecting renewed concerns over potential supply disruptions and stronger prompt demand. (giulia.petroni@wsj.com)

0851 GMT - Yields on U.K. government bonds, or gilts, extend an earlier rise, climbing to their highest level since June 10 after U.S. President Trump says that the ceasefire deal with Iran is over. The announcement pushes Brent crude price up further, raising inflation risk and the possibility of the Bank of England increasing interest rates in the coming months. Ten-year gilt yields climb 11 basis points to a high of 4.945%, Tradeweb data show. (miriam.mukuru@wsj.com)

0847 GMT - Maersk shares rise after President Trump said at the NATO summit in Ankara that as far as he was concerned the ceasefire in Iran was over. Container operators like Maersk have benefited from diverting their ships to avoid the Middle East conflict as it has cut shipping capacity, lifting freight rates. The Danish shipping group lifted earnings guidance last week after it noted continued strong demand and a sustained increase in rates. Maersk shares were as much as 4.3% higher following Trump's comments. Shares in German peer Hapag-Lloyd trade 1.5% higher. (dominic.chopping@wsj.com)

0837 GMT - The dollar turns higher after President Trump said the U.S. and Iran ceasefire is over after the two sides exchanged renewed military strikes. Speaking at the Nato summit in Ankara, Trump said "as far as I'm concerned, it's over" and that Iran was led by "sick people." His comments came after the U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday in response to Tehran's recent attacks on ships near the Strait of Hormuz. Iran responded with counterattacks. The dollar benefits from safe-haven flows and higher oil prices due to America's position as a net oil exporter. The DXY dollar index rises 0.1% to 101.169. (renae.dyer@wsj.com)

0818 GMT - Investors raise their expectations of the Bank of England increasing interest rates in the coming months given renewed tensions between the U.S. and Iran. The fresh conflict has led oil prices to rise and revived inflation concerns, raising the possibility of the BOE increasing interest rates in 2026. Investors price in a 96% chance of a BOE rate hike in December following the new tensions, up from an 80% chance priced in last week, LSEG data show. (miriam.mukuru@wsj.com)

0752 GMT - Global investors resume pricing in the possibility of high inflation as the U.S. and Iran resume attacks. "Markets do not need a full regional war to reprice risk; they only need enough uncertainty around energy flows to lift crude, and steepen inflation expectations," Tickmill Group's Patrick Munnelly says in a note. Brent crude price rises 2.3% to last trade at $75.9. Yields on 10-year U.S. Treasurys, German Bunds and U.K. gilts rise to 4-week highs, Tradeweb data show. (miriam.mukuru@wsj.com)

0735 GMT - European natural-gas prices climb above 48 euros a megawatt-hour as the latest escalation between the U.S. and Iran heightens concerns over fuel supplies ahead of Europe's heating season. In early trading, the benchmark Dutch TTF contract rises 2.9% to 48.12 euros a megawatt-hour, up more than 10% on the week. "The European gas market continues to look tight as we move through the injection season," Ewa Manthey and Warren Patterson from ING say. Storage across the European Union is currently 50% full, well below the five-year average of 66%. Meanwhile, Europe's LNG imports have declined as Asian buyers have increasingly turned to the spot market amid supply disruptions in the Persian Gulf, ING analysts say. (giulia.petroni@wsj.com)

0725 GMT - Oil prices jump 3% after the U.S. and Iran exchanged strikes and Washington reimposed sanctions on Tehran's crude sales, threatening an already fragile truce. In early European trading, Brent rises 3% to $76.40 a barrel, while WTI futures are up 2.9% to $72.50 a barrel. The attacks, which mark the most significant escalation since the U.S. and Iran signed an interim deal on June 17, came after the Islamic Revolutionary Guard Corps fired missiles and drones at ships near the Strait of Hormuz on Tuesday. "Re-escalation in the Persian Gulf has reignited supply concerns," analysts at ING say. "The curve structure also strengthened, with the front end returning to backwardation after recently flipping into contango amid the ramp-up of Persian Gulf supply." Backwardation occurs when futures with near-term deliveries are marketed at a premium over longer-dated contracts. (giulia.petroni@wsj.com)

0723 GMT - London's miners fall in morning trade as oil prices move higher after the U.S. and Iran exchanged fire in an escalation that could threaten peace talks. All European indexes were down at the open. Higher oil prices could fuel inflation fears and lead to higher interest rates globally. Precious metal miner Hochschild Mining drops 3.2% while peer Fresnillo slides 2% and Endeavour Mining drops 1.4%. Diversified miners Anglo American and Rio Tinto fall around 1.7%.(adam.whittaker@wsj.com)

0722 GMT - Yields on U.K. 10-year gilts climb to their highest level since June 11 after renewed U.S.-Iran strikes caused oil prices to rise and revived inflation concerns. The U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday in response to Tehran's recent attacks on ships near the Strait of Hormuz. Ten-year gilt yields climb 8 basis points to 4.909%, a four week high, Tradeweb data show. (miriam.mukuru@wsj.com)

0718 GMT - European indexes all fall in early European trade as higher oil prices revive inflation concerns on the continent. Banks and energy-intensive industries slide as the Europe-wide Stoxx 600 drops 0.7%. Germany's DAX is down 1.1%. Deutsche Bank drops 2.5%, while autos in the index falter with Mercedes-Benz group down 2.2%. In Paris, the CAC 40 is 0.8% lower with Renault 2.4% lower while bank Societe Generale slides 2.3%. Losses for London's FTSE 100--down 0.8%--are cushioned by gains for oil majors BP and Shell, as miners lead the index's fallers. Banks drag on Spain's IBEX 35 and the Italian FTSE MIB, which slip 1% and 0.6%, respectively. Dutch AEX edges down 0.1% as ASML nudges up 0.3% after dropping sharply in the last session.(josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 04:58 ET (08:58 GMT)

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