12 July 2026

Trump Declares Iran Deal ‘Over’ After Renewed Strikes

Eurasia Review  |  Alex Raufoglu

US President Donald Trump declared the bilateral memorandum of understanding with Iran "over" following renewed American military strikes in the region and retaliatory Iranian attacks against commercial shipping and US-linked sites in Bahrain and Kuwait. This rapid escalation directly threatens the critical Strait of Hormuz maritime chokepoint and jeopardizes the fragile cease-fire established just last month.

The collapse of the sixty-day agreement stems from disputes over maritime security jurisdictions and transit fees near Oman. In response to the targeting of a Qatari liquefied natural gas carrier, Washington revoked a key oil sanctions waiver originally set to expire on August 21, effectively reinstating economic penalties. Tehran countered by accusing Washington of violating Paragraph 10 of the June 18 Islamabad Understanding, warning of further defensive measures. With the Joint Maritime Information Center raising the shipping threat level to severe, the United States is considering a renewed naval blockade of Iranian ports, risking wider regional conflict.

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