Donald Trump's declaration that the ceasefire with Iran was effectively over rattled global markets, sending oil prices sharply higher and triggering a broad retreat in equities.

A divided market turns broadly lower on the prospect of renewed hostilities.

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.

US President Trump declared the Iran truce effectively over after attacks on shipping. The United States launched retaliatory strikes on Iranian military targets. These actions…

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…