Trump ends ceasefire with Iran after exchange of strikes in Strait of Hormuz

US President Donald Trump declared the ceasefire with Iran over during the NATO summit in Ankara, calling negotiations a "waste of time" after a new wave of cross-border attacks. The truce, signed three weeks ago via a Memorandum of Understanding, collapsed after Iran struck civilian vessels in the Strait of Hormuz and the US retaliated with over 80 precision strikes on Iranian targets. Source: El Colombiano, El Español

What happened

• US strikes: The Pentagon confirmed hitting more than 80 targets, including air defence systems, coastal radar, and 40 IRGC boats, aiming to "degrade Iran's ability to continue attacking international trade" in the strategic waterway. Source: El Colombiano
• Iranian retaliation: The Islamic Revolutionary Guard Corps launched missiles and drones at US bases in Bahrain and Kuwait, and claimed to have shot down an MQ9 drone. Source: El Mundo
• Casualties and damage: State media reported one IRGC member killed and explosions near Bandar Abbas, Bushehr, and on Qeshm Island. Source: El Colombiano

The reaction

Trump said at a joint press conference with NATO Secretary General Mark Rutte: "For me it's over. I don’t want to negotiate with them because they are garbage." However, he left the door open for his negotiators to continue talking. Source: El Mundo Iranian parliament speaker Mohammad Bagher Qalibaf accused the US of "actively undermining" the memorandum by imposing a parallel maritime route. Source: El Mundo

Impact

Oil prices jumped 5% immediately after Trump’s remarks. The US also reimposed sanctions on Iranian oil exports. Source: El Colombiano, El Español