Global markets and oil prices have been shaken after the United States and Iran exchanged new strikes and President Donald Trump suggested that negotiations between the countries might be “over.”

The U.S.-Iran deal has devolved into fighting again, with potentially ugly implications for oil prices.

Renewed hostilities between the US and Iran have also heightened safety and security concerns around the Strait of Hormuz.

Follow The Hindu for live updates as U.S. strikes Iran after attacks on commercial ships in the Strait of Hormuz, escalating West Asia tensions and raising fears of wider regional…

Washington launched strikes on the Islamic Republic overnight in response to ships being hit in the Strait of Hormuz. Iran retaliated by targeting US bases in the Gulf.

US President Donald Trump said Wednesday the ceasefire with Iran was "over" following major exchanges of fire between US forces and the Islamic republic. Trump blasted Iran as…

Trump did not explicitly say Washington would return to full-fledged war with Iran and it was not immediately clear whether or not the negotiations on reaching a permanent deal…

Follow live coverage of U.S.-Iran attacks, the Strait of Hormuz, oil prices, Trump at the NATO summit.

Oil prices shot up 5% after President Trump said negotiations with Iran were over, and called it "a waste of time dealing with them."

July 8 (Reuters) - U.S. President Donald Trump said an interim agreement to end the war with Iran was "over" on Wednesday after Tehran carried out new attacks on U.S. bases in the…

Crude oil prices rose more than 6% to a two-week high after US President Donald Trump declared the interim accord to end the war with Iran "over", while fresh US military strikes…

Both sides reported hitting dozens of targets, placing fresh strain on an interim deal to end their war and pushing oil prices to their highest level in two weeks.

Oil prices rose almost 6% after U.S. President Donald Trump said Wednesday that the interim agreement with Iran is 'over,' although he would allow...

US President Donald Trump said his tentative ceasefire with Iran is done, raising the prospect of a renewed military conflict between the two countries.

Although Trump has at times stepped back from threats he has made against Iran, oil prices surged and stocks fell after his latest comments.

Trump declares the US-Iran ceasefire ‘over’ after fresh Gulf strikes. Explore what this means for the Strait of Hormuz, oil markets and the future of diplomacy.

Both sides reported hitting dozens of targets, placing fresh strain on an interim deal to end their war and pushing oil prices to their highest level in two weeks.

S&P 500 futures pointed to a drop of more than 1% at the opening bell on Wednesday.

A flare-up of hostilities saw Iran target U.S. military sites in Kuwait and Bahrain after the U.S. struck Iranian targets following attacks on vessels in the Strait of Hormuz.

Uncertainty over the ceasefire means uncertainty over prices.

Oil prices climbed and stocks tumbled in early trading on Wednesday after President Donald Trump said he thinks an agreement with Iran is "over" amid Middle East strikes.