Bankless · Friday, July 10, 2026
The ceasefire with Iran has reportedly ended, with the United States striking targets and Iran retaliating. Despite the escalation, oil prices saw only a minor jump, suggesting markets are not significantly concerned. Donald Trump has declared the ceasefire "over" and expressed strong negative sentiments towards Iran.
“This week, the ceasefire with Iran is over. The United States struck 80 targets over two days across Iran. Iran hit back with U.S. bases in Bahrain and Kuwait. And oil sanctions on Iran are back on.”
“As far as I'm concerned, it's over.”
“The market thinks it's over, right? The market thinks it's over. I mean, sorry, not over. It's just, like, not a big deal.”