President Donald Trump has declared that a ceasefire agreement with Iran is "over." This announcement comes after the United States and Iran reportedly exchanged strikes.
Following President Trump's declaration, global oil prices saw a significant jump. Financial markets are also reacting, with Asian stocks anticipated to decline.
The ceasefire, which some sources referred to as a Memorandum of Understanding to end the conflict, is now considered terminated by President Trump. This is a developing story and will be updated as details emerge.