Oil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with IranByThe Associated PressJuly 8, 2026, 4:20 PMOil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 0.3% Wednesday after sinking as much as 1.1% earlier in the day. The Dow Jones Industrial Average dropped 1.1% after Trump said the agreement to pause fighting was over. The Nasdaq composite erased an early slump and rose 0.2% after Trump said in the afternoon that the most recent fighting did not mean a return to full-scale war. Brent crude oil’s price climbed 5% above $78 per barrel.On Wednesday:The S&P 500 fell 21.14 points, or 0.3%, to 7,482.71.The Dow Jones Industrial Average fell 576.76 points, or 1.1%, to 52,348.39.The Nasdaq composite rose 51.96 points, or 0.2%, to 25,870.65.The Russell 2000 index of smaller companies fell 26.10 points, or 0.9%, to 2,956.39.For the week:The S&P 500 is down 0.53 points, or less than 0.1%.The Dow is down 551.68 points, or 1%.Popular ReadsThe Nasdaq is up 37.98 points, or 0.1%.The Russell 2000 is down 39.72 points, or 1.3%.For the year:The S&P 500 is up 637.21 points, or 9.3%.The Dow is up 4,285.10 points, or 8.9%.The Nasdaq is up 2,628.66 points, or 11.3%.The Russell 2000 is up 474.48 points, or 19.1%.