An unpredictable ceasefire means unpredictable prices
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 July 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
President Donald Trump says the U.S.-Iran ceasefire is "over," but that talks can continue. The U.S. says Iran violated a memorandum of understanding when it attacked three tankers in the Strait of Hormuz, sparking additional back-and-forth attacks. So what happens to oil prices, traffic through the Strait of Hormuz, and prices at the pump now? Also on the show: the problem that comes when consumers keep anticipating price increases.
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| 0:00.0 | Five years ago, at the height of the pandemic, a leading global company made a bold decision. |
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| 0:56.7 | Find out how to put agenic AI to work in your procurement and supply chain operations at gep.com. |
| 1:02.9 | An unpredictable ceasefire means unpredictable prices. |
| 1:07.5 | From Marketplace, I'm Sabri Beneshaw, in for Kimberly Adams. So just to recap where things stand, the U.S. says Iran violated a |
| 1:12.6 | memorandum of understanding when it attacked three tankers in the Strait of Hormuz, and so the U.S. |
| 1:17.0 | says it launched air strikes against 80 targets in Iran and canceled a waiver allowing Iran to sell oil. |
| 1:23.3 | Iran says that, and Israeli attacks on southern Lebanon were violations, and Iran targeted 85 U.S. military sites around the Persian Gulf. |
| 1:32.2 | President Trump says the ceasefire is, quote, over, but the talks can continue. |
| 1:36.6 | So that is where we are at. |
| 1:38.7 | Oil prices are up 6 percent so far this morning, and we've got Dan Coatsworth here to talk about the economic ripple effects |
| 1:44.9 | of it all. He's head of markets at the UK-based investment platform, AJ Bell. Hi, Dan. |
| 1:50.4 | And morning to you. So let's talk about oil prices, because that feeds in, as we have seen to |
| 1:55.9 | everything, you know, from fertilizer and food to transportation. Oil prices had fallen at one point |
| 2:02.5 | very close to where they were before the war. Is that progress just about to be out the window? |
... |
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