Trump Says U.S.-Iran Ceasefire Is Over After U.S. Strikes Iran Over Strait Of Hormuz Attacks

President Donald Trump said the U.S.-Iran ceasefire was “over” at the NATO summit in Turkey, as the U.S. struck Iran in retaliation for attacks on three commercial ships in the Strait of Hormuz.

“From the front lines of the US-Iran confrontation, the Gulf nations have again urged both sides, with strategic restraint, not to abandon their negotiations, while Tehran is telegraphing that the Strait of Hormuz is now Iran's”

Euronews

The Hill reported that on Tuesday and again Wednesday the U.S. said it was striking Iran, and by Wednesday evening crude oil prices had jumped, with U.S. benchmark WTI trading at about $75 per barrel and international benchmark Brent at $79.

Euronews

NPR said the U.S. military attacked dozens of targets along the Iranian coastline overnight after what appeared to be Iranian attacks on vessels trying to transit the strait, and it said crude oil prices jumped and stock prices fell after Trump’s declaration.

NPR also reported that 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%.

NDTV said Brent briefly rose above $80 per barrel after Trump declared the ceasefire was over, and it quoted a market analyst saying the “looming resumption of war between the US and Iran” drove a wave of selling in European markets.

Trump told reporters in Ankara, Turkey, “I think it’s over. I don’t want to deal with them anymore,” and he added, “We’ll probably hit them hard again tonight.”

In the same reporting, the Islamic Revolution Guard Corps said in a statement that “struck 85 locations of important US military facilities,” describing its response as a joint missile and drone operation.

Jewish Telegraphic Agency

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

Euronews also quoted Anwar Gargash, the diplomatic advisor to the UAE president, warning that Iran is not capable of “turning the page on war,” while it said Oman condemned the Iranian strikes on Bahrain and Kuwait and called on all parties to return to diplomacy rather than escalating the crisis.

NPR said the resumption of attacks renews the prospect of inflationary pressure after a month of falling gasoline prices, and it reported that retail gasoline prices in the U.S. rose less than a penny per gallon overnight, according to AAA.

“arrow-down top-nav arrow-next facebook-fill whatsapp-fill right-arrow bell Advertisement Brent Price Briefly Touches $80 A Barrel After Fresh Iran-US Tensions This comes after US President Donald Trump said the ceasefire with Iran was over”

NDTV

The Hill reported that the recent ceasefire agreement said that Iran would open up the waterway for oil shipments and included a lifting of U.S. sanctions on Iranian oil, a move that it said has been reversed amid the latest back-and-forth.

The Guardian said Iran’s foreign ministry spokesperson Esmail Baghaei claimed the world was witnessing a turning point in the history of Shia Islam, and it quoted him saying that “the assassinated Ayatollah Ali Khamenei would be revered as a second Imam Hussain.”

The Guardian also quoted Vali Nasr warning that the current escalation could lead to an end of the memorandum of understanding, saying “Iran believes the US wants to use it to gain control of the strait from Tehran – and if that is the case, Iran must be prepared to go to war over this issue.”

In the same Guardian account, Baghaei insisted that the MOU clearly referred to continued Iranian control of the strait for at least 60 days, and he said the U.S. is interfering in Iran’s business, arguing that “the problem here is that the US is interfering in Iran’s business.”