President Donald Trump then declared the interim ceasefire "over" during a NATO summit on July 8, calling negotiations with Iran "a waste of time" and referring to Iranian leaders as "sick people" . He warned that the U.S. was preparing for another night of strikes .

Targets hit in the two-day campaign

• First wave (July 7): U.S. Central Command said it struck over 80 targets, including air defense systems, missile sites, and military facilities inside Iran . The U.S. also reinstated oil sanctions on Iran that had been exempted under the ceasefire .
• Second wave (July 8–9): A second night of strikes was launched late Wednesday (July 8), described as "additional self-defense strikes" against "multiple" locations in Iran . Some reports described this as a two-day exchange where both sides struck more than 80 targets each .

How Iran retaliated

Early on July 8, Iran's Revolutionary Guards launched missiles and drones targeting U.S. military sites in Kuwait and Bahrain . Missile alert sirens sounded in Kuwait, Bahrain, and Qatar early Thursday (July 9) warning of incoming Iranian attacks . Iran framed its retaliation as a direct response to the U.S. strikes .

A U.S. official confirmed attacks on U.S. facilities but reported no U.S. casualties .

Impact on oil markets

Oil prices surged sharply:

• Brent crude jumped 6.2% to $78.74/barrel as of July 8 .
• WTI and Brent both soared more than 5–6% after Trump declared the ceasefire "over" .
• U.S. stock futures slid, and markets were described as "jolted" by the sudden re-escalation, with fears of renewed disruption to Middle East oil supplies .

Broader US-Iran conflict timeline

The core fragility throughout this period: each ceasefire or interim deal unraveled within weeks as commercial shipping in the Strait of Hormuz became both the trigger and the target for renewed hostilities.

President Donald Trump then declared the interim ceasefire "over" during a NATO summit on July 8, calling negotiations with Iran "a waste of time" and referring to Iranian leaders as "sick people" . He warned that the U.S. was preparing for another night of strikes .

Targets hit in the two-day campaign

• First wave (July 7): U.S. Central Command said it struck over 80 targets, including air defense systems, missile sites, and military facilities inside Iran . The U.S. also reinstated oil sanctions on Iran that had been exempted under the ceasefire .
• Second wave (July 8–9): A second night of strikes was launched late Wednesday (July 8), described as "additional self-defense strikes" against "multiple" locations in Iran . Some reports described this as a two-day exchange where both sides struck more than 80 targets each .

How Iran retaliated

Early on July 8, Iran's Revolutionary Guards launched missiles and drones targeting U.S. military sites in Kuwait and Bahrain . Missile alert sirens sounded in Kuwait, Bahrain, and Qatar early Thursday (July 9) warning of incoming Iranian attacks . Iran framed its retaliation as a direct response to the U.S. strikes .

A U.S. official confirmed attacks on U.S. facilities but reported no U.S. casualties .

Impact on oil markets

Oil prices surged sharply:

• Brent crude jumped 6.2% to $78.74/barrel as of July 8 .
• WTI and Brent both soared more than 5–6% after Trump declared the ceasefire "over" .
• U.S. stock futures slid, and markets were described as "jolted" by the sudden re-escalation, with fears of renewed disruption to Middle East oil supplies .

Broader US-Iran conflict timeline

The core fragility throughout this period: each ceasefire or interim deal unraveled within weeks as commercial shipping in the Strait of Hormuz became both the trigger and the target for renewed hostilities.