Good morning. Hostilities have resumed between the US and Iran. Tehran accused the US of violating the agreement intended to end the war, after the US military launched strikes around the strait of Hormuz and revoked a temporary sanctions waiver for Iranian oil exports. The attacks were the latest in a string of ceasefire violations by the two sides, despite a truce that came into effect in April, and have led to an immediate 3% rise in oil prices.
Speaking at the Nato summit in Ankara, Donald Trump said the memorandum of understanding with Iran was over and called the country’s leaders “vicious, violent people” whom he would not deal with because they were, in the US president’s words, “scum”. He nevertheless appeared to indicate that talks would continue. Nato’s secretary general, Mark Rutte, backed the US attacks, saying: “When you have a ceasefire and Iran is basically violating the ceasefire, I think it is totally crucial that the US forcefully react.”
