Trump Signals Disinterest in Iran Deal After Hormuz Strait Attacks

President Donald Trump announced that he may no longer pursue a deal with Iran, following a declaration that a ceasefire agreement is 'over' due to renewed hostilities in the Strait of Hormuz. The U.S. retaliated against Iranian aggression by revoking its waiver of sanctions on Iranian oil sales and launching strikes on Iranian military targets. Iran attacked three commercial vessels earlier in the week, heightening tensions in a crucial oil trade route. This situation may impact oil supply and prices, influencing costs for ordinary investors significantly.