AP News·3 min read·medium
Oil prices rise 5%, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'
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Stan Choe✦AI Summary
Global stock markets declined and oil prices surged after President Trump declared the ceasefire with Iran to be over. Investors fear that renewed conflict could disrupt oil supplies in the Strait of Hormuz, potentially worsening global inflation and prompting central banks to raise interest rates.
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