The latest US strikes on southern Iran killed eight military personnel, Iranian state television reported on Wednesday. The strikes were part of a large-scale US operation targeting more than 80 sites across Iran after Washington accused the Islamic Republic of attacking three merchant ships near the Strait of Hormuz, a vital global shipping route. While the US military said the operation was a response to Iranian aggression, Tehran warned it would take all necessary measures to defend its national interests.&nbsp;"Following the criminal aggression carried out this morning by the US terrorist army against areas in southern Iran, eight courageous members of the air and naval forces of the Islamic Republic of Iran's military in Bandar Abbas (south) and Bushehr (southwest) fell as martyrs," state television said, citing a statement from the military as per AFP.&nbsp;&nbsp;Also Read: <a href="https://www.wionews.com/world/we-ll-hit-them-hard-tonight-trump-vows-fresh-iran-strikes-after-declaring-ceasefire-over-1783519005813">'We'll hit them hard tonight': Trump vows fresh Iran strikes after declaring ceasefire 'over'</a><h2>Oil and stock markets react to renewed tensions</h2>Oil prices climbed above $80 a barrel for a brief period on Wednesday while stock markets fell after US President Donald Trump said the ceasefire with Iran was over following fresh military action in the Middle East.&nbsp;The latest escalation began after Iran targeted three ships in the Strait of Hormuz, a crucial shipping route that carried about one-fifth of the world's oil before the conflict.&nbsp;Speaking at the NATO summit in Turkey, Trump said the ceasefire was "over" but indicated that further talks could still take place.His remarks triggered a fresh reaction in financial markets, with oil prices rising again after retreating close to pre-war levels in recent days.&nbsp;The international benchmark Brent North Sea crude rose 8 per cent to $80.12 per barrel around 1520 GMT before giving back part of its gains.&nbsp;At the same time, the US benchmark WTI for August delivery increased 7.7 per cent to $75.83 per barrel.&nbsp;Fears that the Strait of Hormuz could close again also pushed global stock markets lower.&nbsp;However, later on Wednesday, Trump said he expected the latest military flare-up with Iran to end quickly.&nbsp;"I think anything that happens is going to be over very quickly and will only make it safer, including for oil... Anything that happens is going to happen very fast. We're not looking for long-term," he said at the end of a two-day NATO summit in Ankara.&nbsp;

Oil prices climbed above $80 a barrel for a brief period on Wednesday while stock markets fell after US President Donald Trump said the ceasefire with Iran was over following fresh military action in the Middle East.

The latest US strikes on southern Iran killed eight military personnel, Iranian state television reported on Wednesday. The strikes were part of a large-scale US operation targeting more than 80 sites across Iran after Washington accused the Islamic Republic of attacking three merchant ships near the Strait of Hormuz, a vital global shipping route. While the US military said the operation was a response to Iranian aggression, Tehran warned it would take all necessary measures to defend its national interests. "Following the criminal aggression carried out this morning by the US terrorist army against areas in southern Iran, eight courageous members of the air and naval forces of the Islamic Republic of Iran's military in Bandar Abbas (south) and Bushehr (southwest) fell as martyrs," state television said, citing a statement from the military as per AFP. Also Read: 'We'll hit them hard tonight': Trump vows fresh Iran strikes after declaring ceasefire 'over' Oil and stock markets react to renewed tensions Oil prices climbed above $80 a barrel for a brief period on Wednesday while stock markets fell after US President Donald Trump said the ceasefire with Iran was over following fresh military action in the Middle East. The latest escalation began after Iran targeted three ships in the Strait of Hormuz, a crucial shipping route that carried about one-fifth of the world's oil before the conflict. Speaking at the NATO summit in Turkey, Trump said the ceasefire was "over" but indicated that further talks could still take place. His remarks triggered a fresh reaction in financial markets, with oil prices rising again after retreating close to pre-war levels in recent days. The international benchmark Brent North Sea crude rose 8 per cent to $80.12 per barrel around 1520 GMT before giving back part of its gains. At the same time, the US benchmark WTI for August delivery increased 7.7 per cent to $75.83 per barrel. Fears that the Strait of Hormuz could close again also pushed global stock markets lower. However, later on Wednesday, Trump said he expected the latest military flare-up with Iran to end quickly. "I think anything that happens is going to be over very quickly and will only make it safer, including for oil... Anything that happens is going to happen very fast. We're not looking for long-term," he said at the end of a two-day NATO summit in Ankara.

Oil prices climbed above $80 a barrel for a brief period on Wednesday while stock markets fell after US President Donald Trump said the ceasefire with Iran was over following fresh military action in the Middle East.

Eight Iranian military personnel killed in US strikes; oil tops $80 after fresh escalation

US President Donald Trump has warned that Iran must agree to a deal with Washington that will “complete the mission”, even as diplomatic negotiations between the two countries continue. Speaking amid ongoing efforts to settle, Trump said the United States would emerge victorious regardless of whether an agreement is reached.&nbsp;Also read: <a href="https://www.wionews.com/world/what-iran-s-quranic-verse-for-hamas-hezbollah-during-khamenei-funeral-means-1783306062317">What Iran's Quranic verse for Hamas, Hezbollah during Khamenei funeral means</a>&nbsp;“We will win,” Trump said, adding that he would prefer a negotiated outcome because he does not want to harm Iran’s population of around 91 million people.&nbsp;Also read: <a href="https://www.wionews.com/world/who-is-attending-the-nato-summit-2026-check-complete-list-of-leaders-and-invited-countries-1783357913464">Who is attending NATO Summit 2026? Complete list of leaders, invited countries</a>&nbsp;In a series of remarks, Trump claimed that the United States had already secured concessions from Tehran and said Iran must honour those commitments. He also stated that Washington would take control of Iran’s highly enriched uranium as part of any agreement.&nbsp;Also read: <a href="https://www.wionews.com/world/would-take-all-necessary-measures-to-secure-share-under-indus-waters-treaty-pakistan-1783367674914">‘Would take all necessary measures to secure share under Indus Waters Treaty’: Pakistan</a>&nbsp;Trump further claimed that oil prices had fallen to levels below those seen before the recent escalation with Iran, attributing the decline to what he described as an “epic wrath process” against the Islamic Republic.&nbsp;Also read: <a href="https://www.wionews.com/world/flattery-or-strategy-behind-the-daddy-issues-critique-of-nato-chief-s-mark-rutte-trump-diplomacy-1783307961467">Flattery or strategy? ‘Daddy issues’ critique of NATO chief’s Trump diplomacy</a>&nbsp;Despite the warning, Trump said he was not seeking regime change in Iran and reiterated that his preferred outcome remained a negotiated settlement.&nbsp;Also read: <a href="https://www.wionews.com/world/how-russia-ukraine-war-is-reshaping-energy-flows-food-prices-defence-spending-and-india-s-strategy-wion-decodes-1783337395169">How Russia-Ukraine war is reshaping supply chains and India’s strategy</a>&nbsp;His remarks come as diplomatic efforts between Washington and Tehran continue against the backdrop of heightened regional tensions, with concerns over Iran’s nuclear programme and the risk of further military escalation remaining central to the talks.&nbsp;Also read: <a href="https://www.wionews.com/world/we-cannot-vibe-code-future-un-chief-sounds-alarm-over-ai-calls-for-global-rules-1783328025320">‘We cannot vibe-code future’: UN chief sounds alarm over AI, calls for global rules</a>

US President Donald Trump urged Iran to accept a comprehensive deal, asserting that Washington secured concessions and will take control of Iran’s highly enriched uranium while seeking no regime change.

US President Donald Trump has warned that Iran must agree to a deal with Washington that will “complete the mission”, even as diplomatic negotiations between the two countries continue. Speaking amid ongoing efforts to settle, Trump said the United States would emerge victorious regardless of whether an agreement is reached. Also read: What Iran's Quranic verse for Hamas, Hezbollah during Khamenei funeral means “We will win,” Trump said, adding that he would prefer a negotiated outcome because he does not want to harm Iran’s population of around 91 million people. Also read: Who is attending NATO Summit 2026? Complete list of leaders, invited countries In a series of remarks, Trump claimed that the United States had already secured concessions from Tehran and said Iran must honour those commitments. He also stated that Washington would take control of Iran’s highly enriched uranium as part of any agreement. Also read: ‘Would take all necessary measures to secure share under Indus Waters Treaty’: Pakistan Trump further claimed that oil prices had fallen to levels below those seen before the recent escalation with Iran, attributing the decline to what he described as an “epic wrath process” against the Islamic Republic. Also read: Flattery or strategy? ‘Daddy issues’ critique of NATO chief’s Trump diplomacy Despite the warning, Trump said he was not seeking regime change in Iran and reiterated that his preferred outcome remained a negotiated settlement. Also read: How Russia-Ukraine war is reshaping supply chains and India’s strategy His remarks come as diplomatic efforts between Washington and Tehran continue against the backdrop of heightened regional tensions, with concerns over Iran’s nuclear programme and the risk of further military escalation remaining central to the talks. Also read: ‘We cannot vibe-code future’: UN chief sounds alarm over AI, calls for global rules

US President Donald Trump urged Iran to accept a comprehensive deal, asserting that Washington secured concessions and will take control of Iran’s highly enriched uranium while seeking no regime change.

‘We’ll complete the mission’: Trump warns Iran to agree to deal amid ongoing peace talks

us-iran-negotiation

Us Iran Negotiation, News on Us Iran Negotiation, stories on Us Iran Negotiation, articles on Us Iran Negotiation, Us Iran Negotiation stories at Wion, Us Iran Negotiation news, Us Iran Negotiation latest news

us iran-negotiation

Eight Iranian military personnel killed in US strikes; oil tops $80 after fresh escalation

Trump warns Iran to agree to deal amid ongoing peace talks