Oil Surges 5%, Stocks Fall After Trump Signals Iran Ceasefire Has Ended
Global stock markets fell and oil prices jumped nearly 5% on Wednesday following remarks by US President Donald Trump casting doubt on the Iran ceasefire. Trump suggested the temporary truce was effectively over, rattling investor confidence worldwide. Wall Street opened in negative territory as markets reacted to the possibility of renewed conflict in the region. Investors fear that a resumption of hostilities could disrupt energy supplies and threaten shipping through the Strait of Hormuz, a critical global oil transit route.
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