Immediate Answer: The June 2026 US-Iran ceasefire has effectively collapsed after two nights of intensive US strikes targeting over 170 military sites across Iran. Following Iranian retaliation against Gulf state bases and a formal declaration by the Trump administration that the 14-point Islamabad Memorandum of Understanding is "over," regional tensions have surged, disrupting the Strait of Hormuz and driving global oil prices higher. What Happened: In early July 2026, the f
