West Texas Intermediate and Brent crude were trading 6.5% higher early Wednesday after President Trump said he thinks the ceasefire is over.

Oil prices rose to two-week highs early Wednesday, as a reignition of the U.S. - Iran war raised fears of prolonged disruption to crude flows through the Strait of Hormuz. Brent oil futures, the global benchmark,

Stocks fell after reports of oil and gas tankers being fired upon. But shares of semiconductor makers weighed heavily on markets, too.

Oil futures climbed late Tuesday after the Treasury Department canceled a license granted on June 21 to allow for the sale of Iranian oil.

Samsung Electronics on Tuesday flagged a 19-fold jump ​in second-quarter operating profit from a year earlier, surpassing its combined earnings over the past three years, but its shares slid as the results failed ‌to ease concerns about the durability of the AI-driven chip boom.

Samsung Electronics Co.’s quarterly profit surged 19-fold but failed to impress investors used to eye-catching growth from the suppliers of AI chips.

Samsung Electronics Co.’s quarterly profit surged 19-fold, just surpassing elevated expectations due to relentless demand for memory chips needed in AI data centers.

Samsung Electronics shares fell even after record preliminary second-quarter profit as capex and demand concerns clouded the outlook.

"Well, I think it certainly sends a symbolic message out there to everyone that puts them on notice in case they hadn't been noticing that Texas really is, a substantial place in this regard," said Ray Perryman,

The Texas Stock Exchange will commence trading on Monday, kickstarting the first real test of one of the most well-funded new exchanges to launch in decades.

The doors opened today on the nation's newest stock exchange. The Texas Stock Exchange out of Dallas is part of the state's push to challenge Wall Street's dominance.

The Texas Stock Exchange starts test trading as it prepares to compete with Nasdaq and the New York Stock Exchange.