US President Donald Trump has declared the ceasefire with Iran over, escalating tensions between the two nations.The conflict, which began in late February with US-Israeli strikes on Iran, has intensified after Iranian attacks on ships in the Strait of Hormuz.

Trump's rhetoric of 'hitting them hard' has raised concerns about renewed military action, with oil prices surging by eight percent following his announcement.

The strategic waterway remains a critical flashpoint, as Iran insists on controlling it through fees and authorized routes, while the US seeks free passage.Recent strikes by both sides have damaged diplomatic efforts, with Iran retaliating by targeting US facilities in Kuwait and Bahrain.NATO has endorsed the US strikes as necessary, but analysts warn of the high cost of returning to full-scale war.The situation highlights unresolved issues in the interim deal, with both nations using force to negotiate terms.The conflict has also impacted maritime trade, leaving thousands of seafarers stranded and straining regional relations.