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U.S.-Iran Ceasefire Crumbles With New Strikes

By Axios · 2026-06-28
U.S.-Iran Ceasefire Crumbles With New Strikes

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Why it matters: The MOU that ended the U.S.-Iran war 10 days ago is unraveling over Strait of Hormuz shipping protocols, with a tanker carrying 2 million barrels of crude oil hit by an Iranian drone showing what's directly at stake for global energy supply. Trump's explicit threat that "the Islamic Republic of Iran will no longer exist" escalates from failed diplomacy to potential full-scale war resumption, and Tuesday's planned technical talks in Switzerland now hang by a thread.

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