President Trump declared the ceasefire with Iran "over" on Wednesday, ordering fresh U.S. military strikes against Iranian targets. The truce, signed June 17, had unraveled after a series of attacks on oil tankers in the Strait of Hormuz and subsequent U.S. and Iranian retaliatory strikes. Trump called Iranian leaders "scum" and said negotiations were a "waste of time."
Iran's foreign ministry said U.S. attacks and the reinstated naval blockade rendered key parts of the deal "ineffective." The U.S. struck over 80 Iranian targets, while Iran hit U.S. facilities in Bahrain and Kuwait. Oil prices surged 6% as global markets reacted. The White House revoked Iran's temporary oil license, and Trump floated taking over Kharg Island.