The U.S. military launched a second night of strikes on Iran after attacks on oil tankers in the Strait of Hormuz and Iranian strikes on U.S.-allied Kuwait and Bahrain. President Trump said the ceasefire is “over,” though negotiations could still continue.
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Oil prices rose and stocks fell after President Trump said the ceasefire with Iran was over, reviving concerns about inflation and global growth. The renewed conflict also increased pressure on the Federal Reserve as investors priced in a higher chance of a rate increase.
Rahm Emanuel told an audience in Tel Aviv that Israel should no longer expect unconditional U.S. support and sharply criticized Prime Minister Benjamin Netanyahu. His remarks reflect growing Democratic unease over Israel’s war in Gaza and the future of the U.S.-Israeli alliance.
Keir Starmer said Donald Trump wished him well and agreed to stay in touch after he leaves Downing Street, despite recent tensions over Iran and criticism of Britain. Starmer also said NATO emerged more united from the Ankara summit and left behind a personalised revolver gifted by Turkey’s president.
Trump told Volodymyr Zelenskyy the US would give Ukraine a licence to produce Patriot interceptor missiles, but questions remain over timing, production capacity and where manufacturing could take place. The pledge comes as Ukraine faces a severe shortage of interceptors amid intensified Russian ballistic missile attacks.
Trump used the NATO summit in Ankara to renew his push for US control of Greenland, threaten Spain on trade and warn that American troops could leave Europe. European officials rejected his Greenland demand and sought to highlight new defence spending plans.
Oil prices rose more than 6% and stock futures fell after President Trump said the Iran ceasefire was “over” following tanker attacks near the Strait of Hormuz and U.S. strikes. The Treasury also revoked a waiver that had allowed Iranian oil sales.
The United States and Iran exchanged strikes around the Strait of Hormuz after Washington accused Tehran of attacking three commercial vessels. Both sides say the other violated a June memorandum meant to guide ceasefire talks and reopen the waterway.