TSX:SSRM 22 January 2026

July 8, 2026, 9:47 AM EDT. Oil jumped more than 5% as Brent crude traded near $78 a barrel after President Donald Trump said the Iran agreement is 'over', driving renewed Middle East jitters. Oil moved back above pre-war levels but stayed below its earlier $118 high. U.S. stocks were hit, with the Dow down 600 points or 1.1%, the S&P 500 off 0.6%, and the Nasdaq losing 0.4%. Investors cited higher geopolitical risk and energy prices, with regional tensions adding pressure to equities on supply concerns.