Trump declares Iran ceasefire over, oil climbs and stocks fall worldwide
President Donald Trump announced the end of the ceasefire with Iran, triggering a six‑percent rise in oil prices, a drop in global stock markets, and a rise in Brent crude to about $78 per barrel. Additional developments included remarks at a NATO summit, fresh U.S. strikes, heightened maritime alerts, and prior price recovery after a memorandum of understanding.
President Donald Trump declared an end to the ceasefire with Iran, after which oil prices rose by roughly six percent and stock markets dropped worldwide. Brent crude rose to around $78 per barrel following the announcement.
Trump suggested ending the ceasefire during remarks at the NATO summit in Ankara, according to Middle East Eye.
Fresh U.S. military strikes on Iranian targets heightened fears of supply disruptions, reported by the Times of India, and maritime authorities raised the threat level for vessels transiting the Strait of Hormuz, also reported by the Times of India. Oil prices had been recovering after a memorandum of understanding signed last month to end the war, according to Al-Monitor.
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0 contested (attributed to both sides), 4
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