US and Iran Exchange Strikes, Ceasefire Declared Over, Disrupting Strait of Hormuz Shipping

A fragile ceasefire between the United States and Iran has collapsed, with both nations exchanging military strikes. US President Donald Trump declared the ceasefire 'over' following Iranian attacks on commercial vessels in the Strait of Hormuz. This escalation has led to a near standstill of shipping traffic through the critical waterway, raising fears of a broader regional conflict and renewed disruption to global energy supplies and commodity markets.