Trump Scraps Iran Peace Pact After Gulf Base Attacks

The abandonment of the pact triggered an immediate reaction in global markets, sending oil prices to a two-week high as traders priced in the return of geopolitical instability. Trump voiced sharp frustration over the renewed hostilities, publicly criticizing Iran’s leadership and signaling that the path toward a sustainable ceasefire has effectively reached a dead end. This collapse leaves the region facing an uncertain future, with previous efforts to de-escalate tensions now entirely undone by the latest round of tactical strikes.