U.S. Military Launches New Strikes on Iran After Trump Declares Ceasefire Over

President Donald Trump declared the U.S.-Iran ceasefire “over” as the U.S. began additional strikes against Iran to “further degrade their ability to threaten freedom of navigation in the Strait of Hormuz,” according to U.S. Central Command.

“Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is ‘over’ Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is ‘over’ NEW YORK (AP) — Oil prices rose, and stock markets dropped in shaky trading worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran”

AP News

CNN reported that a U.S. official told CNN’s Pamela Brown aboard the USS Abraham Lincoln that the ceasefire “has at least temporarily ceased,” and that operations on the carrier were “defensive in nature.”

AP News

NBC News said the U.S. military strikes were carried out for a second day after Iran attacked three commercial ships in the Strait of Hormuz on Tuesday, and NBC reported Trump capped the NATO summit in Ankara by saying the ceasefire was over and warning the U.S. might launch more attacks.

NBC News also reported that Trump characterized further negotiations with Iran as “a waste of time,” adding that he was “not sure if he wanted to reach a peace agreement with Tehran,” while CENTCOM said the United States was holding Iran accountable for “recent unjustified aggression against commercial shipping and civilian crews.”

Trump warned on social media that strikes would “get much worse” if Tehran attacked more ships in the strait, and CNN reported he said the U.S. retaliatory attacks would “get much worse” if Iranian forces continued targeting ships in the Strait of Hormuz.

NBC News quoted Trump saying, “Let’s just finish the job,” at the end of the NATO summit, while CNBC reported Trump said, “I'm not sure I want to make a deal with them,” and added, “Let's just finish the job.”

BBC

AP said oil prices rose and stock markets dropped worldwide after Trump raised doubts about the temporary truce, with the S&P 500 falling as much as 1.1% after Trump said the ceasefire agreement was “over.”

The Intercept framed Trump’s ceasefire statement as “phony,” quoting Trump saying, “To me, I think it’s over,” and it reported CENTCOM said it struck “over 80 targets with precision munitions” in response to Iran’s latest attacks on commercial vessels transiting the Strait of Hormuz.

AP reported that the worry was that a continuation of the war will block the Strait of Hormuz and prevent the delivery of crude from the Persian Gulf to customers worldwide, which could worsen inflation and lead the Federal Reserve and other central banks to raise interest rates.

AP also said the Dow Jones Industrial Average dropped 576 points, or 1.1%, while the Nasdaq composite rose 0.2% after erasing an early loss, and it reported Brent crude climbed 5.2% to $78.02 and briefly topped $80.

Mortgage Professional America said 10-year Treasury yields ticked sharply higher after Trump declared the ceasefire “over,” and it reported that the 30-year fixed rate moved slightly higher to 6.58% according to the Mortgage Bankers Association’s latest weekly mortgage applications survey.

CNN reported that the U.S. military was in a wait-and-see mode and that targets tonight were missiles and drones that could be used against U.S. assets, while NBC News reported Iran’s Foreign Minister Abbas Araghchi said the Islamic Republic will not respond to “vulgarity with vulgarity.”