What did Trump say about the US ceasefire with Iran, and what actions did the US take immediately before his statement?

Trump said the tentative ceasefire with Iran is 'over' and called it 'a waste of time,' stating 'For me, I think it’s over.' His remarks came shortly after the US launched a new wave of strikes against Iran and revoked a waiver that allowed the sale of Iranian oil — actions taken in response to recent attacks on ships transiting the Strait of Hormuz.

How have the latest US actions affected oil markets and the diplomatic process with Iran?

The US revocation of the Iranian oil waiver caused oil prices to surge again after having recently returned toward pre-conflict levels, adding volatility to energy markets. Diplomatically, the strikes and waiver revocation were seen as the most serious threat yet to the interim peace deal; Iran claimed they violated the agreement, while talks — which had resumed after prior exchanges of strikes — were suspended again due to Iran’s weeklong mass funeral for the late Supreme Leader Ali Khamenei, who was assassinated on the first day of the conflict in late February.

Trump Says US Ceasefire With Iran Is 'Over' After Strikes

Jul 8, 2026

US President Trump declared the ceasefire with Iran over following new strikes and a revoked oil waiver, triggering oil price surges and market volatility in the Strait of Hormuz.

bloomberg

2026-04-13

Trump Vows to Hit Iranian Ships as Hormuz Blockade Takes Effect

2026-04-21

Stocks Rise, Oil Jittery as Proposed Trump-Iran Ceasefire Tested

2026-05-01

Trump Vows to Maintain Naval Blockade on Iran

2026-05-02

Trump Prefers Not to Strike Iran Amidst Mounting Frustration

2026-05-03

Trump Weighs Iranian Peace Offer Without Ruling Out More Strikes