Oil Tops $80 and Stock Markets Fall After Trump Declares Iran Ceasefire Over

Oil prices briefly surged above $80 a barrel after President Donald Trump announced the end of the US-Iran ceasefire, a level not seen since before the conflict escalated. Global stock markets fell sharply in response, with losses recorded on Wall Street, in Frankfurt and in Seoul. Prior to Trump's statement, oil had traded back at pre-war levels.

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