Oil prices rise as stocks and bonds fall after U.S. ends Iran agreement

Oil prices rose and global stocks and bond prices declined as investors shifted away from risk assets after the United States ended a memorandum of understanding with Iran. The memorandum had been signed to end the Gulf conflict. The announcement prompted immediate market movements across multiple asset classes.

Energy markets responded first with higher oil prices.

Equity and fixed-income markets followed with broad declines. Trading volumes increased as participants adjusted positions across regions.