Oil prices spike 5%, stocks fall after Trump declares Iran ceasefire 'over' and signals more strikes
By
Steve Kopack
Summary
Oil prices surged over 5% after President Donald Trump declared the U.S. ceasefire deal with Iran "over" during the NATO summit in Ankara, Turkey. Trump stated he considered further negotiations a "waste of time" and indicated the U.S. military would likely launch additional strikes, potentially targeting Iran's Kharg Island. The announcement triggered immediate volatility in global energy markets, with crude prices spiking sharply and stock markets declining as investors reacted to heightened geopolitical tensions in the Middle East.
Source
bskyOil prices spike 5%, stocks fall after Trump declares Iran ceasefire 'over' and signals more strikesnbcnews.toKey quotes
· 3 pulledI think it's over. I don't want to deal with them anymore.
Trump said negotiations could continue, but he considered them a 'waste of time'.
American forces will 'probably hit [Iran] again tonight,' Trump said later in the morning, adding that the U.S. military 'may take over Kharg'.
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