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Trump Says Ceasefire Is “over” as Iran Readies for Hormuz Closure

U.S. officials said the strikes were retaliation for Iranian attacks, while Ukraine deepened pressure on Russian oil facilities and Trump renewed Greenland claims.

  • On Tuesday, the United States conducted a "series of powerful strikes" against Iran in retaliation for attacks near the Strait of Hormuz, with officials calling the actions "wholly unacceptable to the United States and will be met with consequences."
  • Ukrainian drones struck a major oil refinery in western Siberia, marking one of Kyiv's deepest attacks on Russian territory since the full-scale invasion of Ukraine.
  • President Donald Trump renewed his push for the United States to dominate Greenland during the NATO summit, stating the territory "should be controlled by the United States."
  • Disagreements regarding the Iran conflict have "soured" Trump's relationship with Italian Prime Minister Giorgia Meloni, though he added that he "likes her" and considers her "a nice person."
  • Fears persist that the Strait of Hormuz could close following the recent strikes, as global markets and military officials continue to monitor the volatile situation.
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14 Articles

Lean Right

After the Iranian bombardment of three tankers in the Strait of Hormus, the US army has flown massive attacks on Iran. Robert Greil, chief strategist at Merck Fink, explains in conversation with Katja Losch how investors should act now.

·Berlin, Germany
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He no longer wants to negotiate with the "sick people" in Tehran, US President Donald Trump explains at the NATO summit. Previously, the Americans had reacted to Iranian attacks in the Strait of Hormus with air attacks.

·Munich, Germany
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theeconomiccollapseblog.com broke the news on Tuesday, July 7, 2026.
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