Trump Declares Ceasefire with Iran Over at NATO Summit in Turkey

President Donald Trump declared the June 17 memorandum of understanding with Iran over during a NATO summit in Ankara, Turkey, on July 8, 2026. "To me, I think it's over. I don't want to deal with them anymore.

They're scum," Trump told reporters. He added that talks were a waste of time, saying he would speak to negotiators but saw no value in continuing. U.S. Central Command completed strikes on more than 80 Iranian targets on July 7, hitting air defense systems, command networks, coastal radar sites, anti-ship missile capabilities, and more than 60 small boats.

The operation ended at 2:44 a.m. local time on July 8. The United States also revoked a key sanctions waiver covering Iranian oil sales. Iranian Revolutionary Guard forces said they targeted 85 U.S. military sites in Bahrain and Kuwait and claimed to have shot down a U.S.

MQ-9 drone. Iranian forces struck three commercial vessels in the Strait of Hormuz: the Marshall Islands-flagged Al Rekayyat, the Saudi Arabia-flagged Wedyan, and the Liberian-flagged Cyprus Prosperity. Brent crude oil prices rose more than 8 percent to exceed $80 a barrel.

WTI Crude rose 5.0 percent. S&P 500 futures fell 1.0 percent and Nasdaq 100 futures fell 1.3 percent. Bitcoin traded below $62,000, Indian stocks tumbled, and the Indian rupee weakened. The June 17 memorandum had paused military provocation and set a 60-day period for talks after a war that began February 28, 2026.

Trump stated the U.S. strikes were 20 times more powerful than the Iranian attacks on shipping.