Markets slump after US President Donald Trump declares the US-Iran truce is over, prompting renewed concern about conflict in the Persian Gulf, according to reports. Both outlets say the shift immediately benefits energy-related shares, which rise on expectations of increased risk premiums and potential changes in energy supply or demand linked to heightened regional tensions. At the same time, the renewed uncertainty weighs on parts of the market that had recently gained momentum. The West Australian and PerthNow both describe a dent in a recent rally in financial stocks, suggesting investors rotate away from financials amid the stronger macro risk signal. While the reports focus on broad sector moves rather than specific company actions, they present a consistent picture of diverging performance: energy stocks moving higher, while financials fall, contributing to an overall market decline. The articles attribute the sector swings to the policy and geopolitical development, with trading reacting quickly to the prospect of further escalation.