Trump ends Iran ceasefire, sparking global market rout and oil surge

Global financial markets tumbled and oil prices surged after US President Donald Trump declared the month-long ceasefire with Iran over, calling the Islamic Republic "basura" (garbage) and threatening further attacks. Source: diariolibre, emolcl

Market impact

Wall Street opened sharply lower: the Dow Jones fell 0.84% initially Source: diariolibre and closed down 1.09% Source: infobae; the S&P 500 dropped 0.44% at open and 0.28% by close; the Nasdaq was mixed, closing 0.2% higher Source: infobae. The Chilean IPSA declined 0.90% Source: emolcl. Airlines and homebuilders were hit hard, while energy stocks like Marathon Petroleum (+5.3%) and Chevron (+1.13%) gained Source: listindiario, infobae.

Oil and commodities

Oil prices spiked: WTI crude rose 4.4% to $73.52/barrel, and Brent surged 7.2% to $79.48 Source: listindiario. Gold fluctuated, while silver fell over 4%. The yield on the 10-year Treasury note edged up to 4.576% Source: infobae.

The escalation heightened fears of a renewed blockade of the Strait of Hormuz, threatening global oil supplies and potentially stoking inflation Source: listindiario.