In brief
U.S. President Donald Trump declared the ceasefire agreement with Iran "over," slamming the country’s leadership and calling the talks "a waste of time." The statement came amid fresh hostilities that saw U.S. strikes on Iranian targets after attacks on oil tankers in the Strait of Hormuz, followed by retaliatory Iranian strikes on U.S. sites in Bahrain and Kuwait. Oil markets rose roughly 6% after Trump’s comments, though prices remain below levels seen during earlier closures. The U.S. also revoked its temporary suspension of sanctions on Iranian oil sales, effectively ending goodwill gestures that had been part of the June interim deal. Analysts warn that Trump’s abrupt stance could derail ongoing diplomatic efforts, leaving a fragile coalition of talks hanging on amid geopolitical tensions.
U.S. President Donald Trump said the ceasefire agreement with Iran is “over” before a NATO summit in Turkey, dismissing U.S. negotiators as “scum” and “cuckoo.”
Trump declared the ceasefire deal “a waste of time,” adding that he would not engage with Iranian officials. The comments came after a series of flare‑ups: U.S. Central Command launched “powerful” strikes against Iranian targets following attacks on three oil tankers in the Strait of Hormuz, and Iran retaliated by targeting U.S. military sites in Bahrain and Kuwait.
Oil prices spiked about 6% following Trump’s remarks, though they remain lower than the highs seen during the full closure of the Strait of Hormuz. The U.S. also lifted a temporary suspension of sanctions on Iranian oil sales, effectively ending a temporary easing that had been part of the June interim ceasefire deal.
Iran’s Parliamentary speaker, Mohammad Bagher Ghalibaf, accused the U.S. of breaching their Memorandum of Understanding and violating adjustments in the Strait. He said the era of “bullying and extortion” is over, and calls for the continuation of talks on a permanent end to the conflict.
Negotiations on a permanent ceasefire had stalled during the funeral ceremonies for late Supreme Leader Ayatollah Ali Khamenei. Trump expressed indifference to resuming talks, stating, "I don’t care," and calling the discussions a waste of time.
