The US conducts strikes on Iranian targets after three ships are attacked in the Strait of Hormuz and President Donald Trump says the interim agreement with Iran is over while allowing talks to continue.Oil jumps nearly 6%, with Brent crude above $78 per barrel and the US benchmark near $74.55, as traders price higher supply risk from disruptions in Hormuz shipping lanes.Global equities fall as AI and tech stocks retreat, with
SpaceX's xAI unit weakening in its Nasdaq debut,
Rivian Automotive plunging after a dilutive share sale, and Chinese AI firm
Zhipu rallying after its lockup ends.