Oil prices surge 7% and global stocks fall as ceasefire with Iran is declared 'over' — worldwide market selloff follows reported end of the Iran ceasefire.

Trump says Iran ceasefire is over, vows to 'hit 'em hard'

Trump says the Iran ceasefire is over and vows to 'hit 'em hard.'

8 Iranian army members killed in U.S. strikes on southern Iran, army says. U.S. Central Command says over 80 targets hit in response to Iran's attacks on commercial vessels in the Strait of Hormuz. Iran's IRGC and army report retaliatory strikes on U.S. targets in Bahrain and Kuwait.

The Iranian Army announced that eight of its forces were killed in U.S. strikes earlier Wednesday in the southern provinces of Hormozgan and Bushehr, identifying the victims as air force and navy personnel and vowing retaliation. U.S. Central Command said its forces completed a new round of offensive strikes hitting over 80 targets in response to Iran's latest attacks on commercial vessels in the Strait of Hormuz. Iran's IRGC and army separately said they hit U.S. military targets in Bahrain and Kuwait in retaliation.

Trump declares Iran cease-fire 'over' after U.S. strikes, ship attacks near Strait of Hormuz; Brent crude surges 6.3% to $78.86

Oil prices surged after President Trump said the Iran cease-fire was "over" following U.S. strikes and attacks on commercial ships near the Strait of Hormuz.

Hezbollah chief Qassem rejects U.S.-brokered Lebanon-Israel framework agreement, vows group will remain 'in the field' to confront Israel, calling the deal 'illegitimate' and saying it 'will not pass'

Hezbollah Secretary-General Naim Qassem said the group will remain 'in the field' to confront Israel and rejected the U.S.-brokered framework agreement between Lebanon and Israel, calling it 'illegitimate' and 'unconstitutional' in televised remarks on Al-Manar TV.