Stock futures were down while oil surged after President Trump said his ceasefire with Iran was finished.

Brent crude futures were a long way below the war's peak prices but rose enough to wobble the bond market by increasing inflation risks.

Oil jumped after Donald Trump said a tentative ceasefire with Iran was over, raising the prospect of a fresh round of conflict. Read on

On Wednesday morning, U.S. stock futures took a significant hit as President Donald Trump declared the memorandum of understanding with Iran null and void. This announcement…