Trump Declares End to Iran Ceasefire Amid US Retaliation

WHO:

CBS News - President Trump announced the end of the ceasefire with Iran.

Fox News - President Trump made the declaration at the NATO summit.

WHAT:

CBS News - President Trump stated that negotiations with Iran were a "waste of time."

Fox News - President Trump declared the Iran ceasefire "over" following Iranian attacks on commercial vessels.

WHERE:

Fox News - The declaration was made at the NATO summit.

WHY:

Fox News - The ceasefire ended after Iranian attacks triggered a massive U.S. response.

HOW:

CBS News - Oil prices increased by 5% following President Trump's announcement regarding the ceasefire.

(UPDATED July 8, 2026 09:44 UTC)

President Trump announced the end of the ceasefire with Iran during the NATO summit, declaring that negotiations had been a "waste of time." This decision comes after Iranian attacks on commercial vessels triggered a significant U.S. response. Following the announcement, oil prices surged by 5%, reflecting the immediate impact of the escalating tensions.