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Iran Ceasefire Declared Dead, Hormuz Spike & NATO Under Strain | Jul 8
Audio is available on Spreaker — see link below.
Trump declared the US-Iran ceasefire over on July 8th as Hormuz shipping collapsed and oil surged 6% — while a funeral truce opened a narrow 24-hour diplomatic window. Plus: Trump's shocking trade embargo on Spain, live from the NATO summit.
Audio is available on Spreaker — see link below.
Trump declared the US-Iran ceasefire over on July eighth. Not strained, not paused.
The Strait of Hormuz is the pressure point the markets are watching. Before this conflict began, roughly one hundred ten vessels transited the strait daily.
There is one narrow, temporary pause in play. Iran requested what Trump called a "time out" to hold the funeral for Supreme Leader Khamenei, whose procession ends July ninth.
The Iran situation dominated, but a separate development deserves attention. Trump ordered Treasury Secretary Bessent to cut off all trade with Spain on July eighth.
NATO's thirty-two member states did issue a joint declaration on July eighth stating Iran must never acquire a nuclear weapon. That's a signal of alignment with US strategic goals in the region.
The near-term signals to track are straightforward. Watch whether US forces conduct the overnight strikes Trump referenced.
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