The President of the United States, Donald Trump, announced the termination of the ceasefire with Iran, following a brief period of agreements between the nations. His statements have already impacted global markets, with oil prices beginning to surge.
Trump on the end of the ceasefire in Iran / © Associated Press
Although the United States and Iran agreed last week to cease attacks and engage in peace negotiations, U.S. President Donald Trump declared today that the ceasefire in Iran has concluded.
This development occurred during the NATO summit in Ankara, as reported by Clash Report.
Trump stated he no longer wishes to deal with the Iranians
While responding to journalists’ questions at the NATO summit in Ankara, Trump not only announced the end of the ceasefire in Iran but also expressed his disinterest in further dealings with the Iranians.
“We attacked Iran very strongly last night. The Iranians are liars. We make a deal. Everyone agrees: no nuclear weapons. We make a deal. Then they go out to the press and claim we never even talked about it. Something is wrong with them. They are completely sick,” Trump stated.
All of this transpired when Trump was asked about the current state of U.S. negotiations with Iran and the potential for peace.
Trump also referred to Iran’s leadership as “sick.”
“Dealing with them is a waste of time,” Trump added.
The previous day, Iran and the United States exchanged strikes. Iran did not claim responsibility for the attacks, but state television reported that at least one vessel ignored warnings from Iranian forces.
Immediately after Trump’s announcement regarding the conclusion of the ceasefire in Iran, oil prices began to climb, as reported by CBS. The increase was 5%. Russian Brent crude rose by 5.3% to $78.09 per barrel, and American West Texas Intermediate crude increased by 5.4% to $74.23 per barrel.
War in Iran: Latest News
As a reminder, the United States continued its military operation against Iran, launching a series of powerful strikes on targets near the city of Bandar Abbas, the port of Sirik, and the Hormozgan province.
According to U.S. officials, the targets included Iranian air defense systems, radars, missile launchers, drones, and port infrastructure. The operation was a response to Tehran’s attacks against commercial vessels in the Strait of Hormuz and violations of the terms of the U.S.-Iran agreements. Simultaneously, the American side has not ruled out further strikes.
Concurrently, the U.S. Department of the Treasury canceled an exemption on sanctions for Iranian oil exports due to Tehran’s failure to adhere to its commitments, which has already led to an increase in global oil prices.
The attacks occurred amidst multi-day mourning ceremonies and the transport of the coffin of the former Supreme Leader of Iran, Ali Khamenei, through Iraq to his burial site in Mashhad.
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