US-Iran Ceasefire Collapse: Trump declared the Iran truce “over” at the NATO summit in Ankara after IRGC retaliation in the Persian Gulf, with the June MoU effectively unraveling and oil jumping more than 6% as shipping fears return. Strait of Hormuz Tensions: Iran says transit will follow its own rules and claims it blocked foreign tankers from a US-backed route, while the US says strikes target Iran’s ability to hit commercial shipping. Escalating Strikes and Retaliation: The US hit dozens of Iranian targets over consecutive nights, Iran reported attacks near Bushehr and on US-linked bases in Bahrain, Kuwait and Qatar, and Jordan said it intercepted missiles. Khamenei Funeral Fallout: Iran buried Ayatollah Ali Khamenei in Mashhad after week-long mourning, with Iran and Iraq highlighting unity—while US-Iran talks stayed in limbo amid the funeral and renewed hostilities. Assassination Plot Claims: US media reports citing Israeli intelligence say Iran had a “specific” plan to kill Trump, adding to the hardening rhetoric. Markets and Daily Life: Gas prices rose in the US as the ceasefire ended, while gold and oil swung on inflation and supply worries. Diplomacy Still Alive: Despite the fighting, US officials say technical talks continue and mediators including Qatar and Pakistan push to revive de-escalation.