What's Next After Trump Says Iran Ceasefire 'Over'?

Summary

President Trump declares the Iran ceasefire 'over,' escalating tensions after Iran targeted vessels and the US conducted airstrikes. Bloomberg's Annmarie Hordern reports from the NATO summit in Ankara, noting the Strait of Hormuz risks, oil and European gas price spikes, and Europe's energy vulnerability amid strained US-Europe dynamics.

• Trump says Iran ceasefire is 'over,' calls Iranians scum and liars.
• US conducted airstrikes on 80 Iranian strategic facilities and revoked the oil waiver.
• Iran returned fire on US assets in Kuwait and Bahrain, returning to kinetic war.
• Brent crude up 6%; European gas futures spiked yesterday.
• NATO secretary general called US strikes necessary; Turkey offers to help clear Strait of Hormuz.
• Reporter notes energy price shock is a bigger problem for Europe due to vulnerability and lack of US support.