Rio Times · Analysis

Key Facts

—What happened US forces struck Iran after three commercial tankers were attacked near the Strait of Hormuz, and Trump declared the ceasefire ‘over’.

—Oil move Brent jumped about 5.6% toward $78 and US crude surged near $74.55, the biggest one-day rise since early June.

—Markets The Dow fell around 600 points and Seoul’s index dropped 5.35%, as chip and consumer stocks slid on renewed war fears.