Trump stated that the temporary ceasefire agreement with Iran has ended, sending crude oil prices surging more than 3%, while Nasdaq 100 futures extended their losses to 1.5%.
1 hours ago
US President Donald Trump said the temporary ceasefire agreement he reached with Iran has ended, raising the risk of renewed military conflict between the two nations. Speaking at NATO’s annual summit on Wednesday, Trump stated: “For me, I think it’s over. As far as I’m concerned, it’s just a waste of time.” Reports note that Trump’s remarks came shortly after the U.S. launched a new round of strikes against Iran and revoked waivers that had allowed Iranian oil sales. The moves, in response to recent attacks on vessels in the Strait of Hormuz, have sparked new volatility in energy markets and further strained the already fragile peace between Washington and Tehran. Affected by the news, data from Bitget shows that both WTI and Brent crude oil rose more than 3% on the day, trading at $74.18 and $78.08 per barrel respectively. Spot gold fell 1.22% to $4,056.44 per ounce, while spot silver dropped 3.00% to $58.18 per ounce. According to market data from BIT (bit.com), Nasdaq 100 futures extended losses to 1.5% to hit a four-week low. Dow Jones futures fell 1.27%, and S&P 500 futures dropped 0.98%.
Apple and Broadcom have reached a multi-year chip agreement, with an estimated value of over $30 billion.
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Israel is preparing to rejoin the war against Iran.
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