Trump Declares Iran Ceasefire ‘Over’ After Fresh Strikes, Oil Prices Surge 5%

US President Donald Trump has declared that the ceasefire between the United States and Iran is effectively over following a fresh escalation in hostilities between the two countries.

Speaking at the NATO summit in Ankara, Türkiye, on Wednesday, Trump said he no longer wished to engage with the Iranian government after overnight US strikes and retaliatory attacks reportedly carried out by Iran’s Revolutionary Guards against American military bases in the Gulf.

The President used unusually strong language to criticise Iran’s leadership, accusing it of acting in bad faith during previous negotiations and insisting that further engagement would be pointless.

“I think it’s over. I don’t want to deal with them any more, they’re scum,” Trump said. “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.”

Trump said he would still speak with businessman-turned-diplomat Steve Witkoff and his son-in-law Jared Kushner, who have been involved in discussions with Iranian officials, but maintained that it is now up to Tehran to decide whether it wants to return to negotiations.

He also accused Iranian officials of repeatedly misrepresenting the terms of the ceasefire agreement reached on June 17, claiming they denied discussing restrictions on Iran’s nuclear programme after leaving the negotiating table.

“As far as I’m concerned, it’s just a waste of time dealing with them. They’re liars,” Trump said, adding, “Everyone’s agreed, no nuclear weapon. We make a deal. They go outside, joke to the press, they say we never even talked about it. There’s something wrong with them, they’re cuckoo.”

Global markets reacted swiftly to the renewed tensions, with oil prices climbing by about 5 per cent amid concerns that escalating conflict in the Middle East could disrupt energy supplies and further destabilise the region.

The latest developments mark another sharp deterioration in relations between Washington and Tehran, raising fresh uncertainty over regional security and the future of diplomatic efforts aimed at preventing Iran from acquiring nuclear weapons.