Ceasefire Declared Over: Trump orders new US strikes after tanker attacks; Iran vows it won’t fold
President Trump has declared a ceasefire with Iran over following alleged attacks on tankers in the Strait of Hormuz. The U.S. has launched retaliatory strikes, escalating tensions in a conflict that has seen significant military shifts in Iran.
Why it matters
This escalation threatens global oil markets and regional stability in the Middle East, marking a significant departure from previous diplomatic efforts.
President Donald Trump declared the June 17 ceasefire with Iran "over" on Wednesday, ordering fresh US strikes on Iranian targets after Tehran allegedly fired on tankers in the Strait of Hormuz.Why it mattersThe breakdown threatens the only framework holding back a full return to the war that began on February 28.Oil markets, US midterm politics in November and the fate of Iran's nuclear programme now all hinge on whether it’s Trump’s new rhetoric or he will go for another sustained air campaign.Meanwhile, Iran has finally buried Supreme Leader Ayatollah Ali Khamenei, killed in the war's opening strikes in February. Now, it is being governed by a more militarized leadership, under the name of Mojtaba Khamenei. Will Iran’s new leadership pursue a truce, or escalate the conflict to consolidate its grip at home?
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