Oil hits two-week high after Trump says Iran peace deal is over
Oil prices rose more than 5% on Wednesday, 8 July, hitting a two-week high after US President Donald Trump said the peace deal with Iran was over, reviving fears of supply disruptions in the Middle East.
Offshore Technology · July 8, 2026
Oil and gas industry witnessing a transformation with Industrial Internet
GlobalData forecasts that the global Industrial Internet market will reach $553bn in revenue by 2029, up from $259bn in 2024.
Offshore Technology · July 8, 2026