Key facts
- Trump declared the Iran ceasefire 'over' and ordered fresh US strikes
- Trump threatened to strike Iran's civilian infrastructure
- Oil prices jumped nearly 5% on the escalation
- India's Sensex plunged over 1,700 points
- Iran vowed 'no American soldier will return alive'
The fragile US-Iran ceasefire collapsed dramatically as President Donald Trump declared the deal 'over' and authorised fresh waves of American strikes on Iran, warning he would 'hit them hard' and even threaten the country's civilian infrastructure. The dramatic escalation sent oil prices jumping nearly 5% and triggered a sharp sell-off in global equity markets, with India's Sensex plunging over 1,700 points on the news.
Trump had earlier signed the ceasefire deal at Versailles, but in a rapid about-face he took to social media to share a 'Boom' post after the fresh strikes, with supporters posting 'I voted for this'. Iran's leadership responded defiantly, with Tehran vowing that 'no American soldier will return alive' — signalling a dangerous new phase in the conflict.
Analysts were quick to question whether Trump's move represented genuine strategic intent or another episode of brinkmanship — a tactic the president has deployed repeatedly in high-stakes negotiations. The timeline of the deal, from signing in Versailles to its abrupt collapse, highlighted just how fragile the diplomatic framework had been.
For India, the stakes are considerable. Any sustained rise in global oil prices drives up import costs, widens the current account deficit, and puts downward pressure on the rupee — effects that feed through to fuel prices, inflation, and household budgets across the country. New Delhi will be watching the situation closely as it seeks to balance its longstanding ties with Tehran against its deepening strategic partnership with Washington.