Trump Declares End to US-Iran Ceasefire Amid New Attacks

President Donald Trump has declared the ceasefire with Iran "over," announcing the end of the agreement during the NATO summit in Ankara, Turkey. The collapse follows a series of attacks on merchant ships in the Strait of Hormuz, which the US blamed on Iran, and subsequent US airstrikes against Iranian targets. Iran responded with missile and drone attacks on US military installations in Bahrain and Kuwait, escalating the conflict.

What happened

The US Central Command (CENTCOM) launched a large-scale operation against over 80 Iranian targets, including air defense systems, command-and-control networks, and Revolutionary Guard naval vessels Source: ABC. Iran's Revolutionary Guard claimed to have struck 85 US military facilities in Bahrain and Kuwait and shot down an American MQ-9 drone Source: El Colombiano. Trump stated that the ceasefire, signed on June 17, was now "finished" and called Iranian leaders "scum" and "sick people" Source: ABC.

Reaction and market impact

The European Union urged all parties to respect the ceasefire and emphasized the need for diplomacy Source: Infobae. However, Trump insisted negotiations were a "waste of time" Source: El Caribe. The price of Brent crude oil surged over 6%, approaching $80 per barrel, while European stock markets fell sharply, with the Ibex dropping over 2% Source: ABC.

What's next

Analysts suggest the US aims to force Iran back to negotiations by demonstrating overwhelming military force Source: Heraldo de México. Meanwhile, Iran has warned of further actions if shipping in the Strait is disrupted.