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Euronews
Euronews
Doloresz Katanich

Oil spikes and European stock markets slide as Trump says Iran ceasefire over

Oil Iran Donald Trump Euro Europe United States SK Hynix

Shares fell on Wednesday in Europe and Asia, and oil prices surged over 6% after US President Donald Trump said the tentative ceasefire with Iran was over, raising the prospect of renewed military conflict between the two countries.

Asked whether the memorandum of understanding with Iran was over, Trump told reporters at the NATO summit in Ankara: "To me, I think it's over. I don't want to deal with them," according to Reuters.

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