Trump Abandons Iran Ceasefire, Resumes Strikes as Hormuz Shutdown Squeezes Global Energy

Trump scrapped last month's ceasefire with Iran and resumed military strikes targeting Tehran's hold on the Strait of Hormuz. The strait has been largely closed to commercial shipping since the war began on February 28, 2026, sending global energy costs soaring. Trump is expected to address the nation Thursday at 9pm ET.