United States President, Donald Trump
Oil prices soared and stock markets slid Wednesday after US President Donald Trump said the ceasefire with Iran was over, following renewed strikes in the Middle East.
The latest bout of fighting was sparked by Iranian attacks on ships in the vital Strait of Hormuz shipping route.
Trump said at a NATO summit in Turkey the ceasefire was “over” but left the door open to more talks.
International benchmark Brent North Sea crude jumped more than five percent to around $78 a barrel.
