Trump says ceasefire with Iran over, calls negotiations "waste of time"
Summary
President Donald Trump said the ceasefire with Iran is over after recent attacks and retaliations between the two countries. The U.S. and Iran exchanged strikes in the Strait of Hormuz, and the U.S. responded by hitting Iranian targets, leading to increased tensions and rising oil prices.Key Facts
- President Trump declared the ceasefire with Iran "over" and called negotiations "a waste of time."
- Iran and the U.S. exchanged missile strikes after Iranian attacks on commercial ships in the Strait of Hormuz.
- The U.S. Treasury revoked a waiver that allowed Iran to sell oil and petrochemicals, cutting off a major revenue source.
- The U.S. said it hit over 80 Iranian targets in retaliation for attacks on ships.
- Iran launched retaliatory missile strikes targeting U.S. military bases in Bahrain and Kuwait.
- Explosions were reported in the Iranian port city of Bushehr, home to the country’s only civilian nuclear power plant.
- Oil prices rose sharply, with Brent crude up 5.3% and West Texas Intermediate up 5.4% after the announcements.
- Iran’s Revolutionary Guard accused the U.S. of violating the ceasefire by launching airstrikes in southern Iran.
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