Dow Plunges 700 Points as Trump Signals Iran Ceasefire Over

U.S. stocks opened sharply lower on July 8 after President Trump indicated the Iran ceasefire may be over, renewing geopolitical tensions. This follows futures declines the prior day as attacks in the Strait of Hormuz escalated risks. The Dow fell nearly 700 points at the open, with the S&P 500 down 0.7% and Nasdaq off 0.4%. Brent crude surged 6% to $74.50 per barrel, its highest level in weeks, while WTI also climbed above $74. Energy shares gained as investors priced in potential supply disruptions from the Middle East.