Buckle up; the markets are about to get a whole lot more volatile as President Trump suggests the ceasefire with Iran is over.
In midmorning European trading, Brent crude and West Texas Intermediate futures rose by 6% and 6.2%, respectively. As a result, the S&P 500 is down 0.58% in Wednesday morning trading, with the VIX volatility index up 8.25% to 17.46.