Trump Says Ceasefire Is Over After U.S. Strikes Iran, Targeting Strait of Hormuz

President Donald Trump said an interim deal to end the war with Iran was "over" after the U.S. military conducted strikes on Iran, according to a post by the US Central Command on Wednesday.

DW reported the strikes aimed at degrading Iran's ability to threaten freedom of navigation in the Strait of Hormuz, after Trump declared the ceasefire "over".

Al Jazeera

NPR said renewed fighting between the U.S. and Iran added uncertainty to the global economy, with crude oil prices jumping and stock prices falling after Trump declared an end to the fragile ceasefire in the Strait of Hormuz.

NPR reported that the U.S. military attacked dozens of targets along the Iranian coastline overnight in retaliation for what appeared to be Iranian attacks on vessels trying to transit the strait.

Euronews said Gulf nations braced for a deteriorating security situation after the U.S. and Iran exchanged fire and Tehran attacked Kuwait and Bahrain, culminating with Trump’s announcement at the NATO summit in Ankara that he thinks the U.S.-Iran ceasefire is "over".

Pakistan, which mediated the tentative ceasefire between the two nations, called on "all parties to exercise restraint" and urged all sides to uphold commitments under the Islamabad Memorandum of Understanding (MoU), according to DW.

DW also reported United Nations Secretary-General Antonio Guterres called for de-escalation and a resumption of talks, with his spokesperson saying the secretary-general urged "exercise maximum restraint" and "avoid any further escalatory action."

Al-Jazeera Net

Euronews reported Qatar summoned Iran’s deputy ambassador to Doha to deliver a protest note stating that "the attack amounts to a grave violation of the safety of international navigation".

Euronews quoted Anwar Gargash, the diplomatic advisor to the UAE president, warning that Iran is not capable of "turning the page on war".

NPR said the resumption of attacks renews the prospect of inflationary pressure after a month of falling gasoline prices, while the CME FedWatch tracking tool suggested investors saw a better than 1-in-3 chance that the Fed will raise interest rates this month.

NPR said both the U.S. and international benchmarks for crude oil jumped about 7% on Wednesday, while the Dow Jones Industrial Average tumbled more than 800 points, or 1.5%, after hitting a record high two days earlier.

NPR reported that retail gasoline prices in the U.S. rose less than a penny per gallon overnight, according to AAA, and that investors were watching the Federal Reserve under its new chairman, Kevin Warsh.

DW said Secretary General of the International Maritime Organization Arsenio Dominguez condemned attacks on ships transiting the Strait of Hormuz and said there were nearly 6,000 seafarers "who remain stranded on board vessels unable to depart the Persian Gulf safely."

DW reported that EU foreign policy chief Kaja Kallas said the latest exchanges of fire between the U.S. and Iran "further complicate already fraught talks to end the war," and she condemned Iran's attacks on Bahrain and Kuwait as "unacceptable."

Encyclopedia Britannica stated that after mediators announced a memorandum of understanding intended to bring the conflict to a formal end within 60 days of its signing, which took place on June 17, Iran’s activity in the strait tested the limits of the MoU and prompted attacks by the United States in response.