US and Iran exchange military strikes amid mixed signals from Trump on ceasefire and potential negotiations.
President Trump stated Iran wants to negotiate a deal after overnight US strikes on Iranian targets, followed by retaliatory attacks on US bases in the Gulf. Trump previously declared the ceasefire with Iran “over” but suggested any conflict would be brief.
This follows a pattern where escalation prompts Trump to signal willingness for compromise, as seen in the prior memorandum of understanding. The Strait of Hormuz remains volatile, with shipping traffic partially resuming but insurance premiums still elevated.
Markets monitor developments as geopolitical tensions persist, with no clear resolution in sight for maritime security or diplomatic relations.