US-Israel-Iran War Latest News: ‘Iran Ceasefire is Over,’ Trump Says ‘Doesn’t Want to Deal With Tehran Anymore’ After Fresh Strikes, Oil Prices Jump 6% — Will the US-Iran War Escalate?

US-Israel-Iran war latest news: Trump says the Iran ceasefire is 'over' after attacks in the Strait of Hormuz. The US struck 80+ Iranian targets, Tehran retaliated with missiles and drones, while oil prices surged 6% amid fears of a wider Middle East conflict.

By: Neerja Mishra
Last Updated: July 8, 2026 15:18:06 IST

US-Israel-Iran War Latest News: The US-Iran war in the Middle East has escalated after US President Donald Trump declared that the ceasefire with Iran is effectively ‘over’ following the attacks on commercial ships in the Strait of Hormuz. Speaking on the sidelines of the NATO summit in Ankara, Trump accused Tehran of violating the truce and said he no longer wanted to negotiate with the Iranian government. 

The US launched one of its largest military operations against Iran in recent months, striking more than 80 military targets. Iran responded with missile and drone attacks on US military facilities in the Gulf, raising fresh concerns that the conflict could once again spread across the region and disrupt global energy markets. 

US-Israel-Iran War Latest News: Trump Says Iran Ceasefire is Over

President Donald Trump said the ceasefire agreement between Washington and Tehran no longer exists after the latest attacks on commercial vessels in the Strait of Hormuz.

Speaking to reporters during the NATO summit in Ankara, Trump made it clear that he believes the temporary understanding with Iran has collapsed.

“For me, I think it’s over. I don’t want to deal with them anymore.” His remarks came just hours after the US military carried out a fresh wave of strikes against Iranian military targets.

US-Israel-Iran War Latest News: What About the MoU?

Trump’s latest remarks have also cast fresh uncertainty over the future of the Memorandum of Understanding (MoU) that the United States and Iran signed around three weeks ago to temporarily halt hostilities.

While Trump repeatedly said the agreement was effectively “over,” he stopped short of officially announcing that Washington was withdrawing from the MoU. His comments have left analysts debating whether the administration is using strong rhetoric to pressure Tehran back to the negotiating table or whether the interim agreement has effectively collapsed.

Speaking to reporters, Trump used some of his strongest language yet against the Iranian leadership. “There’s something wrong with them. They are sick. They are bad people. They are dirty players.”

He also said, “To me, I think it’s over.” However, Trump appeared to leave a small opening for diplomacy, adding, “I might let my wonderful negotiators keep talking.” The mixed messaging has raised questions over whether the MoU can still survive or whether the latest military exchanges have effectively ended the agreement.

US-Israel-Iran War Latest News: Iran Ceasefire Was a Mistake

Trump suggested the temporary agreement failed to change Iran’s behaviour and accused Tehran of continuing aggressive actions despite diplomatic efforts.

According to US officials, the attacks on commercial shipping in the Strait of Hormuz represented a major violation of the understanding reached last month.

Washington has also revoked temporary sanctions relief on Iranian oil exports, increasing economic pressure on Tehran while signalling that the previous diplomatic approach has largely ended.

US-Israel-Iran War Latest News: Trump Doesn’t Want to Deal With Iran Anymore

Trump delivered some of his strongest criticism of Iran since the conflict began.

“They’re scum. You know what scum is? They’re scum. They’re sick people. They’re led by sick people. And they’re vicious, violent people. And if they had a nuclear weapon, they’d use it. As far as I’m concerned, it’s over.”

Although he said US officials are free to continue negotiations, he dismissed the chances of meaningful progress.

“They can talk, but I think they’re wasting their time.”

US-Israel-Iran War Latest News: Oil Prices Jump 6%

Global energy markets reacted immediately after Trump declared that the Iran ceasefire agreement was effectively over and confirmed fresh US military strikes against Iranian targets.

Brent crude oil surged nearly 6%, climbing to around $78 per barrel, as traders worried that renewed fighting around the Strait of Hormuz could disrupt one of the world’s most important oil shipping routes.

The escalation also triggered broader market volatility. European stock markets fell around 1.6%, while the US dollar strengthened against major currencies. Government bond yields also moved higher as investors reassessed inflation risks linked to rising energy prices.

Analysts warned that if military tensions continue to escalate or shipping through the Strait of Hormuz faces further disruption, oil prices could remain elevated in the coming weeks, increasing fuel costs and inflationary pressures across global economies.

US-Israel-Iran War Latest News: US-Iran War Escalating?

Military analysts believe the conflict has entered another dangerous phase.

The latest exchange marks one of the biggest military confrontations since the ceasefire was announced. Both countries have carried out large-scale operations within hours of each other, increasing fears that the conflict could widen beyond the Strait of Hormuz.

Regional allies, including Gulf states hosting US military bases, are also watching developments closely after becoming involved in the latest exchanges.

US-Israel-Iran War Latest News: Strait of Hormuz Attack

The latest crisis began after three commercial ships transiting the Strait of Hormuz were attacked.

The United States blamed Iran for targeting international shipping, describing the incidents as unacceptable attacks on one of the world’s busiest maritime trade routes.

The Strait of Hormuz remains strategically important because nearly one-fifth of global oil supplies pass through the narrow waterway every day.

The attacks immediately heightened concerns about shipping security and global energy supplies.

US-Israel-Iran War Latest News: Fresh US Strikes on 80+ Iranian Targets

Following the attacks on commercial vessels, the US Central Command (CENTCOM) launched extensive military operations across southern Iran. According to CENTCOM, American forces struck more than 80 military targets, including:

  • Air defence systems
  • Coastal radar installations
  • Surface-to-air missile batteries
  • Anti-ship cruise missile launch sites
  • Drone facilities
  • More than 60 Islamic Revolutionary Guard Corps (IRGC) fast boats

US officials said the objective was to weaken Iran’s ability to attack commercial shipping in the Strait of Hormuz.

US-Israel-Iran War Latest News: Iran Responds With Missile & Drone Attacks

Iran responded within hours by launching missile and drone attacks targeting US military facilities in Bahrain and Kuwait. Iranian military leaders strongly condemned the American strikes and warned that Tehran would continue defending its territory and strategic interests.

The Iranian military also reiterated that it would not permit foreign interference in the management of the Strait of Hormuz. Although initial reports did not indicate significant damage to US facilities, tensions remain extremely high.

US-Israel-Iran War Latest News: Strait of Hormuz to Get Closed Again?

While Iran has not officially announced a complete closure of the Strait of Hormuz, officials have repeated that the country intends to maintain control over shipping movements through the waterway.

The latest attacks have renewed fears that commercial traffic could again face disruptions if hostilities continue.

Shipping companies are closely monitoring the situation, while several maritime security agencies have warned vessels operating in the region to remain on high alert.

Any prolonged disruption could have significant consequences for global energy markets and international trade.

US-Israel-Iran War Latest News: US-Iran Peace Talks to Fail?

The latest military exchanges have cast serious doubt over the future of US-Iran negotiations.

Although American officials have not formally withdrawn from diplomatic talks, Trump’s comments suggest that confidence between the two sides has deteriorated significantly.

Iran has also accused Washington of violating the memorandum of understanding by launching fresh attacks and restoring sanctions on Iranian oil exports.

Diplomatic observers believe further negotiations will become increasingly difficult unless military operations stop.

US-Israel-Iran War Latest News: Will It Affect the Oil Prices Globally?

Global oil markets reacted immediately to the renewed fighting. Brent crude prices climbed sharply after reports of the US strikes and Trump’s comments, as traders feared possible disruptions to oil shipments through the Strait of Hormuz.

Because the waterway handles around 20% of global oil trade, even limited military activity in the area can trigger higher crude prices worldwide.

Analysts warn that sustained conflict could increase fuel costs, transportation expenses and inflation across several major economies.

US-Israel-Iran War Latest News: What’s Next?

Attention will now focus on whether either side is willing to return to diplomacy or whether the conflict will continue to escalate.

Military analysts expect both countries to remain on high alert over the coming days, particularly around the Strait of Hormuz and the Gulf region.

Global leaders are also expected to intensify diplomatic efforts to prevent further attacks on commercial shipping and avoid a wider regional conflict that could affect global trade, energy supplies and international financial markets.

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