Iran has officially ceased negotiations regarding a nuclear ceasefire with the United States, claiming that the Trump administration has breached the ceasefire due to Israel's ongoing military actions against Hezbollah in Lebanon. The announcement was made public by Iranian Foreign Minister Abbas Araghchi, who declared that the ceasefire “has now been breached on all fronts.” President Trump also revealed on Truth Social that he is terminating the US naval blockade in the Strait of Hormuz, instructing vessels to start “returning home.” These concurrent announcements caused oil prices to spike by over seven percent and raised urgent concerns about the viability of any diplomatic resolution.
