US renews strikes on IRGC; Iran vows retaliation as peace, ceasefire stall

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Trump has declared the ceasefire over, leading to strikes on Iran's IRGC installations targeting the Strait of Hormuz and leaving Iran threatening retaliation and causing fear in the oil market and gas prices amid renewed fighting. The Iran war has re-ignited after U.S. forces struck roughly 90 Iranian military targets, with CENTCOM saying the operation was aimed at protecting commercial shipping in the Strait of Hormuz. President Donald Trump had declared the Iran ceasefire “over” Wednesday after Tehran attacked commercial vessels, raising the risk of renewed U.S.-Iran military conflict in the Gulf. Key U.S.-aligned Gulf states are reporting sirens blaring and incoming drone and missile strikes from Iran, as regional tensions are renewed. Oil prices hovered near $73 a barrel as traders watched Strait of Hormuz shipping traffic, with any disruption i