finance
Trump Declares U.S. Ceasefire With Iran Over After Strait Attacks
President Donald Trump stated on July 8 that the ceasefire with Iran is over following attacks on commercial vessels near the Strait of Hormuz. The announcement came during a NATO leaders meeting in Ankara after U.S. airstrikes on Iranian coastal targets.
Jul 9, 9:54 AM·1m read5 sources
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President Donald Trump declared on July 8 that the U.S. ceasefire with Iran is over after attacks on ships near the Strait of Hormuz. He made the statement during a meeting of NATO leaders in Ankara, Turkey, and described the June 17 memorandum of understanding brokered by Pakistan as effectively dead.
U.S. Central Command announced on July 7 that it had launched an immediate response to Iran’s latest attacks on commercial vessels transiting the Strait of Hormuz. The strikes hit Iranian air defense systems, command-and-control networks, coastal radar sites, anti-ship missile weapons, and more than 60 small boats associated with the IRGC.
Trump described the U.S. response as a “20-to-1” action. The U.S. also blocked Iran’s ability to sell oil on international markets, a right granted in the June 17 memorandum, and the Treasury Department gave Iran until July 17 to wind down transactions currently underway.
The Strait of Hormuz is a narrow waterway off Iran’s southern coast through which about a fifth of the world’s oil travels in peacetime.
