Trump says ceasefire with Iran ended as both sides exchange strikes, talks to continue

President Donald Trump said on Wednesday that the ceasefire and interim agreement aimed at ending the conflict with Iran are "over" after the two sides exchanged strikes following accusations that Tehran attacked three commercial vessels in the Strait of Hormuz. He added that negotiators could keep talking, but called the effort "just a waste of time dealing with them."

The escalation came after Iran launched a series of attacks on U.S. bases in the Gulf in retaliation for American strikes that targeted more than 80 Iranian sites, including air-defense systems, command facilities and Revolutionary Guard boats near the strait. A U.S. official said the strikes were larger than previous retaliatory actions and were conducted because of Iranian attacks on ships transiting the waterway.

Iran’s foreign ministry had earlier said U.S. and Israeli actions had rendered key elements of the ceasefire ineffective. Iran’s parliament speaker, Mohammad Bagher Ghalibaf, posted on X that "the era of bullying and extortion is over," adding that the approach "leads nowhere."

The fighting also triggered missile alerts in Bahrain and Kuwait, where the Revolutionary Guard claimed to have targeted U.S. military sites and shot down a U.S. MQ-9 drone, though the Pentagon has not confirmed any damage.

In related developments, the United States revoked a temporary waiver that had permitted the sale of Iranian oil, ordering a wind-down of such transactions by mid-July. Oil prices rose to nearly $73 a barrel after the incidents.

Negotiations, mediated by Qatar, have been paused as Iran conducts a multi-day funeral for its late Supreme Leader Ayatollah Ali Khamenei. U.S. envoy Steve Witkoff and Jared Kushner visited Doha last week but did not meet Iranian negotiators directly. The talks are expected to address Iran’s nuclear program and other contentious issues once the funeral proceedings conclude.