Key development: Trump declared the US-Iran ceasefire over after both sides traded strikes, and he’s promising more attacks tonight.
Diplomacy
(Update) Trump ended the US-Iran ceasefire after the two countries exchanged strikes. He made the announcement at a NATO summit after Iran hit US bases in Kuwait and Bahrain. (Al Jazeera, France24)
Context: The US and Iran had signed a memorandum of understanding in June that included a ceasefire. Yesterday tensions were simmering. Today the deal fell apart completely—Trump officially declared it “over” at the NATO summit in Ankara. Both sides are now accusing each other of violating the agreement first. The US launched what it calls retaliatory strikes on Iran overnight following Iranian attacks on tankers in the Strait of Hormuz, Iran responded by targeting US bases in the Gulf, and Trump is warning more US strikes could come tonight.
Sources: Al Jazeera | France24
US Policy
(Update) Trump says the US will “hit ‘em hard tonight” with more strikes on Iran. This comes after overnight US strikes and Iranian retaliation against Gulf bases. (Euronews)
Context: The overnight US strikes on Iran were described as retaliation for Iranian attacks on tankers in the Strait of Hormuz. Iran responded by hitting US bases in Kuwait and Bahrain. Now Trump is publicly telegraphing another round of strikes for tonight, escalating from threats to actual military action between the two countries.
Sources: Euronews
International
(Update) Trump threatened Spain with trade cuts over its refusal to let the US use Spanish bases during strikes on Iran, and demanded the US take over Greenland at the NATO summit. He called Spain a “terrible partner” and “wasted cause.” (Al Jazeera, Euronews) [UNCONFIRMED - Greenland demand single source]
Context: Spain blocked the US from using the Rota and Morón airbases for bombing campaigns against Iran, which Trump had already threatened to punish with economic reprisals back in March. Today at the NATO summit, he escalated that rhetoric and apparently ordered trade with Spain to stop. The Greenland demand is only reported by Al Jazeera so far.
Sources: Al Jazeera | Euronews
Trump said he’s willing to sell F-35 fighter jets to Turkey. Netanyahu warned this would “destroy” the balance of power in the Middle East. (France24) [UNCONFIRMED]
Context: This is a big shift in US policy. F-35 sales to Turkey have been blocked for years because of concerns from Israel and Congress about Turkey’s regional role and its relationship with Russia. Netanyahu’s public pushback suggests Israel sees this as a direct threat to its military edge in the region. Congress will likely fight this sale hard.
Sources: France24
Economy
(Update) Oil prices jumped more than 6% and European stocks slid after Trump declared the Iran ceasefire over. Concerns about Strait of Hormuz oil supplies are back. (Euronews)
Context: Crude hit a two-week high as markets reacted to the ceasefire collapse and fresh US strikes. The Strait of Hormuz is a critical chokepoint—about a fifth of global oil passes through it. Economists are now saying the fragile peace between the US and Iran is the key factor for the rest of 2026’s economic outlook.
What to watch: Whether Trump follows through on tonight’s promised strikes against Iran and how Tehran responds.