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U.S. Ends Ceasefire and Resumes Strikes on Iran

Washington says the strikes protect shipping in the Strait of Hormuz, pushing oil prices higher, sharpening regional tensions.

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Overview

  • U.S. forces restarted attacks on Iranian targets after President Donald Trump declared the ceasefire over, with Centcom saying the operations aim to degrade Iran’s ability to threaten navigation in the Strait of Hormuz.
  • Iranian state media and the IRGC reported casualties from U.S. strikes and said the Revolutionary Guard struck U.S. facilities in the region and downed an MQ-9 drone in response.
  • Markets reacted quickly, with Brent crude rising toward US$78–80 a barrel and traders and Brazilian officials citing higher fuel costs as a reason to delay planned subsidy removals.
  • Brazilian political fallout has included Finance Minister Dario Durigan postponing the end of a gasoline subsidy, Itamaraty defending transparent risk mapping about possible U.S. military scenarios, and Senator Flávio Bolsonaro pressing U.S. trade officials to avoid tariffs while proposing a new free‑trade idea.
  • Analysts warn the renewed hostilities raise global economic uncertainty by threatening a key oil chokepoint and could influence upcoming policy decisions, including the USTR’s mid‑July tariff timeline for Brazil.