Trump signals end to Iran memorandum as U.S. and Iran exchange missile strikes

President Trump stated that the memorandum of understanding with Iran is no longer viable and that he will not engage in further talks. The U.S. military responded to Iranian attacks on Gulf facilities with 90 missile strikes overnight, bringing the two-day total to 170. Iran countered by striking U.S. bases in Qatar, Kuwait and Bahrain.

Trump expressed skepticism about Iran's willingness to finalize a peace deal and warned of harsher retaliation if attacks continue. Meanwhile, ship traffic in the Strait of Hormuz fell to single-digit levels and Brent crude oil prices slipped to $77 a barrel. The escalating exchange underscores heightened tensions in the region.