U.S. President Donald Trump on Wednesday declared that a tentative ceasefire and memorandum of understanding with Iran is “over,” abruptly shattering a fragile peace agreement just ahead of the annual NATO summit in Turkey, Reuters reported.

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Speaking alongside NATO Secretary General Mark Rutte, Trump dismantled the diplomatic framework that had briefly halted military hostilities, stating flatly, "For me, I think it’s over."

The collapse of the 60-day interim accord follows a rapid escalation of violence in the Strait of Hormuz, where three commercial vessels were recently targeted.

Blaming Tehran for the attacks, Washington retaliated by launching a fresh wave of military strikes against Iranian targets and revoking a waiver that allowed the sale of Iranian oil.