The Latest: Trump launches new strikes on Iran after saying ceasefire is over

Summary

The U.S. launched new airstrikes against Iran early Thursday, hours after President Donald Trump said recent Iranian attacks on ships in the Strait of Hormuz signaled the end of the ceasefire and threatened to escalate the conflict if they didn’t stop. Iran responded by targeting U.S.-allied Kuwait and Qatar and accused the U.S. of striking near its sole nuclear power plant. Back-and-forth attacks, including on Wednesday, have repeatedly threatened the ceasefire, but Thursday’s appeared bigger all around. And Trump’s mixed messaging — approving back-to-back military strikes while insisting they don’t mean a return to full-scale war — is fueling uncertainty about what comes next. Here's the latest: Global markets are mixed and oil prices rise as Iran and US launch new attacks Futures for the S&P 500 rose 0.1% before the opening bell Thursday, while futures for the Dow Jones Industrial Average fell 0.1%. Nasdaq futures were up 0.5%. Oil prices inched up again Thursday, with Brent crude, the international standard, rising 64 cents to to $78.66 per barrel. It briefly topped $80 on Wednesday. Before the Iran war began, Brent oil was trading at around $72 a barrel. Earlier optimism over an interim peace deal recently brought it back to prewar levels. Benchmark U.S. crude rose 54 cents to $74.06 a barrel. ▶ Read more New attacks raise questions about what comes next in the Iran war President Donald Trump says he believes the ceasefire with Iran is over. He says he’s not sure he wants a deal anymore and says the U.S. should “finish the job.” But he also insists continued attacks don’t mean a return to war or long-term action. The confusion and uncertainty in Trump’s mixed messaging and his approval of back-to-back military strikes leave major questions about what comes next in the conflict, just weeks after difficult diplomacy to reach even an initial deal between the longtime adversaries. The whipsawing rhetoric could be a strategy to increase the pressure on Tehran to stop attacking ships transporting oil and natural gas in the Strait of Hormuz and bend to U.S. demands on its nuclear program — something Trump has tried before. Whether it’s a negotiation tactic or a signal of an escalation in fighting, mediators are scrambling to save the interim deal and the actions risk further inflaming tensions. ▶ Read more