US-Iran Tensions Escalate as Ceasefire Ends

Jul 8, 2026

59 min

Jul 8, 2026 23:30

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

## US Strikes Iran After Ceasefire Collapse

The United States has launched military strikes on Iran following attacks on commercial vessels near the Strait of Hormuz. President Donald Trump declared the ceasefire with Iran "over" after these incidents, which led to a series of retaliatory actions.

## Key Targets Hit

The US military targeted Iranian sites in Chabahar, Bandar Abbas, Sirik, and Qeshm Island. These locations are significant for Iran's oil export and military operations. The strikes aimed to degrade Iran's capacity to threaten shipping routes in the region.

## Oil Prices Surge

The conflict has caused a spike in global oil prices. Brent crude rose over 5% to $78.02 a barrel, while other benchmarks like West Texas Intermediate and Murban crude also saw significant increases.

## Diplomatic Reactions

Iran's Foreign Minister reached out to Qatar's Prime Minister to discuss de-escalation, while Pakistan urged both the US and Iran to adhere to previous agreements to prevent further conflict.

## Regional Impact

The situation has heightened tensions in the Middle East, with concerns over energy supply disruptions. The US has revoked a waiver that allowed Iran to sell oil, reinstating sanctions that could further strain Iran's economy.

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