WTI and Brent both rose more than 2% intraday, trading at $73.74/bbl and $77.63/bbl respectively.

President Trump said the ceasefire agreement he signed with Iran three weeks ago is 'over', though what that means operationally is unclear. Trump, who warned last month that a prolonged war would trigger an "economic disaster", remains under political pressure to end the conflict. A Vance-led US team had been tasked with securing technical concessions from Iran within 60 days to curb its nuclear ambitions; negotiations have been slow and focused on implementing the memorandum Trump signed on June 17 at Versailles. Mediators led by Pakistan and Qatar are likely to try to salvage the deal. Israeli Prime Minister Netanyahu, long skeptical of US-Iran diplomacy, could view Trump's remark as a pretext to expand operations against Hezbollah in Lebanon or to strike inside Iran.

伊朗首席谈判代表卡利巴夫：“霸凌和敲诈勒索的时代已经结束”，伊朗不会“屈服”。