Treasury yields surged after President Donald Trump told the NATO summit that the ceasefire with Iran is over.

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U.S. Treasury yields rose amid fresh tensions in the Middle East and higher oil prices.

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U.S. stocks closed lower as chipmakers led declines amid growing doubts over the sustainability of the AI-driven rally.

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Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.