US-Iran Ceasefire Ends as Trump Presses for Halt to Strait of Hormuz Attacks, Oil Prices Rise

President Donald Trump announced on July 11, 2026, that the month-old ceasefire with Iran is over, though talks will continue. He pressed Iran to cease attacks in the Strait of Hormuz, a development that has contributed to rising crude oil prices and heightened regional tensions. This geopolitical uncertainty is impacting global energy supplies and the economic outlook.