Trump Ends Iran Ceasefire, Oil Surges
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- President Trump declared the ceasefire with Iran over, following more Iranian attacks on ships in the Strait of Hormuz and U.S. retaliatory strikes overnight
- Oil prices are surging in response to the renewed Middle East hostilities
- Bond yields are rising worldwide alongside the energy price spike
- U.S. stock futures point to sharp opening losses as markets digest the escalation
- The memory-chip trade that had energized markets all year has already lost momentum, leaving equities without a counterweight to the geopolitical shock
Why it matters: The collapse of the U.S.-Iran ceasefire is a direct hit to energy markets, with oil surging on Strait of Hormuz shipping fears. Rising global bond yields flag renewed inflation pressure from the energy spike, and U.S. equities face a sharply lower open with the memory-chip rally already deflated and no offsetting tailwind available.
