Canada’s S&P/TSX composite index falls by more than 600 points in late-morning trading, following remarks by U.S. President Donald Trump that a ceasefire with Iran is over. Multiple outlets report that U.S. stock markets also decline after Trump links the end of the ceasefire to Iranian attacks on commercial shipping. Alongside the equity selloff, oil prices rise, reflecting renewed market focus on potential disruptions in energy supplies. The reports attribute the move to the same catalyst—Trump’s comments made while he is at the NATO summit—rather than to company-specific news. While the articles provide limited additional detail on the scale and direction of individual sectors, they describe a broad risk-off reaction across North American markets. Overall, the sources agree that Trump’s statement about renewed hostilities and shipping-related concerns drives investor sentiment and lifts energy prices, contributing to the sharp drop in Canada’s main stock benchmark.