President Trump said Iran no longer has an army or an air force.

At a NATO summit in Ankara, Trump said the temporary ceasefire with Iran is over; Maersk shares jumped as much as 4.3%. Container carriers typically gain when vessels are rerouted to avoid Middle East conflict, a flow that trims available capacity and lifts freight rates. Danish shipping group Maersk raised profit guidance last week after reporting sustained demand and rising rates. German carrier Hapag-Lloyd shares rose about 1.5%.

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