Fresh US-Iran Strikes Trigger Diplomatic Collapse, Oil Prices Surge as Global Markets Alarmed
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- •Iran suspended indirect communications with the US, citing Israeli operations in Lebanon as a violation of the broader ceasefire agreement.
- •Both the US and Iran reported fresh military strikes, including US operations against Iranian facilities and Iranian claims of attacks on US bases in Kuwait.
- •Oil prices surged amid fears of disruptions to shipping through the Strait of Hormuz, raising concerns about global energy supplies and inflation.
- •International leaders, including Japan’s prime minister, urged dialogue and de-escalation, reflecting global unease over the escalating conflict.
Washington — Just hours after US President Donald Trump reassured Americans that Iran "really wants to make a deal" and urged critics to "sit back and relax," the fragile ceasefire between Washington and Tehran fractured on Monday, plunging the Middle East back toward open conflict. The three-month-old truce—already tentative—began to unravel after Iran suspended all indirect communications with the United States through mediators, citing ongoing Israeli military operations in Lebanon as a violation of broader understandings. Iranian officials stated that the ceasefire applied across all fronts, including Lebanon, and accused the US of failing to restrain its closest regional ally.
