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

0824 ET - Markets could face higher volatility for the remainder of 2026 as oil prices rise and supply falls, Algebris Investments' Gabriele Foa says in a note. Renewed U.S.-Iran attacks and President Trump's announcement that the Iran ceasefire is over raise fresh concerns about a potential oil-supply shock. Higher oil prices, lower global oil supply and renewed instability in interest rates could cause markets to be more volatile, Foa says. (miriam.mukuru@wsj.com)

0609 ET - Spanish energy major Repsol could increase its full-year share buyback if refining margins remain strong, Berenberg analysts write following the company's trading update. Repsol's update shows that margin strength continues into the third quarter, they say. Market watchers already expect Repsol to increase its buyback to around 1.1 billion euros from an initial guidance of 700 million euros, the analysts write. Confirmation of an increase alongside its quarterly results would be positive, they say. Shares are up 3.8% at 22.86 euros. (adam.whittaker@wsj.com)

0533 ET - Sterling falls as risk sentiment weakens after President Trump said the ceasefire with Iran was over following fresh strikes between the two sides. "For me, I think the deal is over, I don't want to deal with them anymore," Trump told reporters at a NATO summit in Ankara on Wednesday. Trump's remarks came after the U.S. and Iran traded blows Tuesday, ignited by Iranian attacks on ships near the Strait of Hormuz. Sterling falls 0.2% to a one-week low of $1.3319, according to LSEG. The euro rises 0.2% to an intraday high of 0.8555 pounds, having hit a one-year low of 0.8531 Tuesday.(renae.dyer@wsj.com)

0505 ET - European energy stocks rise as oil gains on President Trump's comments that the ceasefire deal with Iran is over. 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. In London, BP rises 3.45%, while Shell is up 1.6%. France's TotalEnergies is up 3%, Spain's Repsol rises 4%, and Italy's Eni gains 3.7%. Norway's Equinor rises 4%.(adam.whittaker@wsj.com)

0459 ET - Bitcoin extends its losses after President Trump said the ceasefire with Iran is over following renewed attacks between the two sides. Speaking at the Nato summit in Ankara, he said as far as he was concerned "it's over" and it was a waste of time dealing with Iran. Trump's comments add pressure on bitcoin which was already weaker after the U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday while Iran responded with counterattacks. Bitcoin falls 2.5% to an intraday low of $61,836, according to LSEG.(renae.dyer@wsj.com)

0458 ET - 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)

0454 ET - 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)

0451 ET - 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)

0447 ET - 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)

0437 ET - 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)

0418 ET - 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)

0352 ET - 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)

(END) Dow Jones Newswires

July 08, 2026 08:24 ET (12:24 GMT)

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