Ololade Adeyanju/
United States President, Donald Trump, has declared that the ceasefire agreement with Iran is “over”, signalling a dramatic collapse of the fragile truce that had briefly eased months of conflict between Washington and Tehran.
Speaking on the sidelines of the NATO summit in Ankara, Turkey, Trump said there was no longer any basis for the interim agreement after the latest military exchanges between the two countries.
Although he suggested that negotiations could still resume at some point, he indicated that he no longer believed talks with the Iranian leadership would be productive.
The ceasefire had been established under a memorandum of understanding that created a 60-day window for indirect negotiations aimed at reaching a broader settlement covering regional security and Iran’s nuclear programme.
Those talks, held in Qatar with international mediation, failed to produce a breakthrough.
The collapse of the agreement follows a sharp escalation in hostilities.
The United States launched fresh air strikes against Iranian military targets after accusing Tehran of attacking commercial shipping in the Strait of Hormuz, one of the world’s most strategically important energy routes.
Iran responded by firing missiles and drones at American military facilities in Bahrain and Kuwait, further raising fears of a wider regional conflict.
Washington has also reinstated restrictions on Iranian oil exports, revoking a licence that had temporarily allowed Tehran to continue limited sales while negotiations were under way.
The renewed confrontation has rattled global financial markets. Brent crude oil prices jumped by more than six per cent as traders reacted to concerns that further disruption in the Strait of Hormuz could threaten global energy supplies and fuel inflation.
The Strait of Hormuz carries a significant share of the world’s seaborne oil exports, making any disruption there a major concern for energy markets and the global economy.
Previous periods of tension in the waterway have led to sharp increases in oil prices and heightened security concerns across the Gulf.
Trump’s latest remarks cast fresh doubt over prospects for a diplomatic resolution to one of the most serious confrontations between the United States and Iran in recent years, with regional and international leaders expected to intensify efforts to prevent the crisis from escalating further.
0Related posts:
How to Manage Conflicts – AIG Oyebade
From ‘Unconditional Surrender’ to Compromise: How Iran Forced Trump to Accept a Fragile Deal
Trump Warns Iran ‘Will No Longer Exist’ as US Launches Fresh Strikes over Strait of Hormuz Tanker Attack
Trump Warns Iran of ‘20 Times Harder’ US Strikes if Oil Flow Through Strait of Hormuz is Blocked
Israel Threatens to Kill Khamenei’s Successor as Iran Weighs Leadership Choice
Israel Raises Concerns over Last-minute US-Iran Truce, as Both Sides Claim Victory