Equity futures experienced a sharp decline after President Trump announced the end of the ceasefire with Iran and the apparent dissolution of the Memorandum of Understanding. The Nasdaq 100 led the losses with a 1.5% drop, while the Dow Jones and S&P 500 fell by 1.3% and 1.0% respectively.
Energy markets reacted with significant volatility as WTI Crude surged by 5.0% and Brent crude climbed 6.0%. Conversely, gold prices retreated by 2.5% following the geopolitical shift.