safety
Oil prices rise, and stocks fall worldwide after Trump says ceasefire with Iran is 'over'
By Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate) — San Antonio
· July 8, 2026
· 4 min read
Oil prices are rising, and stock markets are falling worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 0.5% after Trump said the agreement to pause fighting was “over,” though he added that he would allow negotiations t...
Key takeaway 5% after Trump said the agreement to pause fighting was “over,” though he added that he would allow negotiations to continue.
Why this matters in Terrell Hills News
For Terrell Hills residents, the surge in oil prices has direct implications for their daily commutes and household budgets. As a community within the San Antonio area, many residents rely on their vehicles for transportation, and increased oil prices can lead to higher gas prices at the pump. This, in turn, can affect the cost of living in Terrell Hills, particularly for those who commute to work or school in other parts of Bexar County. Additionally, the uncertainty surrounding oil prices can also impact local businesses, especially those in the transportation and logistics sectors. As the situation with Iran continues to unfold, Terrell Hills residents will be watching closely to see how the conflict affects their local economy and daily lives. The potential for further price increases will likely be a concern for many, and it remains to be seen how the community will adapt to these changes.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: July 8, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? Oil prices are rising, and stock markets are falling worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 0.5% after Trump said the agreement to pause fighting was “over,” though he added that he would allow negotiations t...
When was this published? This article was first published on July 8, 2026 by KSAT 12 (ABC affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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