Oil prices soared anew and stock markets slid Wednesday after US President Donald Trump said the ceasefire with Iran was over, following renewed strikes in the Middle East.

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…

Crude oil prices spike over 6% after Trump declares the ceasefire with Iran "over," raising geopolitical tensions.