Trump Says Iran Ceasefire Deal Is Over
Trump said the ceasefire deal with Iran is over. Three oil tankers were attacked near the Strait of Hormuz.
The US and Iran then traded strikes after the attacks. This started a cycle of retaliation.
The attacks could affect energy flow from the region. Oil prices rose more than 6% on Wednesday after Trump's statement. Stock prices fell after Trump made the announcement.
Klear Note — The Strait of Hormuz is a narrow waterway between Iran and Oman. About one-third of world's oil passes through it. Disruptions there affect global energy prices and economies worldwide.
Key Terms 3
- Ceasefire An agreement to stop fighting between two sides
- Strait of Hormuz A narrow sea passage where much of the world's oil travels
- Retaliation Striking back after being attacked