Brent crude surged up to 7% and Bitcoin fell below $62,000 after Trump declared the Iran ceasefire over at a NATO summit, rattling global markets.

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.

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…