Trump says ceasefire ‘over’ after U.S., Iran trade attacks but that talks can continue

Key Points:

• President Donald Trump declared the ceasefire and interim agreement with Iran "over" following Iran's alleged attacks on three commercial ships in the Strait of Hormuz, despite allowing negotiations to continue.
• Iran retaliated with missile and drone strikes on over 85 U.S. military sites in Bahrain and Kuwait, while the U.S. responded with precision strikes on more than 80 Iranian targets, including Revolutionary Guard assets near the strait.
• The conflict escalated amid Iran's mass funeral for its slain Supreme Leader Ayatollah Ali Khamenei, with talks on hold and heightened tensions threatening the fragile peace process.
• The U.S. revoked waivers allowing Iranian oil sales, accelerating sanctions and causing oil prices to surge, as Iran insists on its right to charge fees for shipping through the strategic Strait of Hormuz.
• Both sides accuse each other of violating the ceasefire, with Iran's Parliament Speaker condemning U.S. actions as bullying, while the U.S. labels Iran's strikes as acts of international terrorism targeting maritime traffic.