Ceasefire ‘over’ after US and Iran trade strikes:Trump
The president said peace talks can continue but are a ‘waste of time’ as the flare up threatens to overshadow the NATO summit,.
President Donald Trump said he believes the Memorandum of Understanding (MoU) with Iran “is over,” after the US and Iran exchanged strikes across the Middle East, the CNN reported.
Trump made the remarks while speaking at a NATO summit in Ankara.
US hits more than 80 Iran targets and reimposes sanctions on Iran.
Strikes was in retaliation to attacks on commercial shipping come as Trump meets world leaders at the NATO summit in neighboring Turkey.
The New York Times said that the US military “completed” a new round of strikes on Iran, hitting over 80 targets, according to a statement late Tuesday from US Central Command. The US also reimposed sanctions on Iranian oil sales in retaliation for attacks on commercial ships near the Strait of Hormuz.
In response with the ceasefire between the two countries on increasingly shaky ground, Iran warned early Wednesday that it would deliver a “crushing response” to the US strikes. A short time later, air defenses were activated in both Bahrain and Kuwait.
Iranian state media reported explosions on Kharg island, a vital hub for Tehran’s oil exports, as well as in the port cities of Bandar Abbas and Sirik and on Qeshm Island. The attacks happened as Iran holds a funeral for the late supreme leader.
Sirens are sounding in Bahrain, the country’s interior ministry said in a post to X, urging citizens to seek safety. It was the second warning posted by the ministry in about two hours.
Earlier, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it launched missiles and drones at 85 US military sites across Bahrain and Kuwait in response to the latest wave of US strikes on Iran.
Iranian Parliament Speaker Mohammad Baqer Qalibaf slammed US violations of the Islamabad memorandum of understanding and reiterated the country’s resolve to stand against US bullying.
International Crude Oil Prices surges
The oil prices jump 6 percent as Trump says ceasefire with Iran ‘over’
Oil prices surged and stocks fell after US President Donald Trump said the memorandum of understanding underpinning the ceasefire with Iran “was over” following an overnight exchange of attacks between the two sides.
Brent crude rose 6 percent to $78 a barrel, while European stocks fell 1.6 percent on the day. The dollar strengthened and government bond yields climbed, as investors weighed the risk of a renewed flare-up in inflation.
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