US-Iran Tensions Escalate as Ceasefire Ends

Jul 8, 2026

80 min

Jul 8, 2026 22:30

US and Iran trade strikes: Trump says ceasefire ‘over’ after attacks on vessels in Hormuz, Bahrain and Kuwait

## US Strikes Iranian Targets

The United States has launched military strikes on Iran, targeting 80 sites, following attacks on commercial vessels near the Strait of Hormuz. This action marks the end of a ceasefire agreement that had been in place since June 17. The strikes hit key locations such as Kharg Island, Bandar Abbas, Sirik, and Qeshm Island, which are significant for Iran's oil exports.

## Ceasefire Declared 'Over'

President Donald Trump announced the ceasefire with Iran as "over" after the recent attacks. He discussed the security situation in the Strait of Hormuz with NATO leaders in Ankara, emphasizing the need to address Iran's threats to commercial shipping.

## Iranian Response and Regional Reactions

Iranian state media reported explosions in southern cities, including Chabahar, where US strikes targeted maritime and military infrastructure. Iran's Foreign Minister reached out to Qatar to discuss de-escalation, while Pakistan urged both nations to adhere to previous agreements to prevent further conflict.

## Impact on Oil Prices

The conflict has caused a surge in oil prices, with Brent crude rising above $80 per barrel. The US has also revoked a waiver that allowed Iran to sell oil, reinstating sanctions on Iranian oil exports.

## International Concerns

The Arab Parliament condemned Iran's actions against Kuwait and Bahrain, calling for an end to hostilities. Meanwhile, Lebanon has set conditions for participating in peace talks, demanding Israeli withdrawal from certain areas.

## Future Developments

President Trump expressed hope that the conflict would resolve quickly, despite the recent escalation. The situation remains tense, with potential implications for regional stability and global oil markets.

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