US media reveals inside story of the US-Iran ceasefire agreement: The Iranian president and central bank governor jointly urged the Supreme Leader to "sign it quickly."
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Trump says the temporary ceasefire agreement between the US and Iran has ended.
BlockBeats reported on July 8 that US President Trump stated that the temporary ceasefire agreement he reached with Iran had ended, increasing the possibility of a renewed military conflict between the two countries. "For me, I think it's over," he said at the annual NATO summit on Wednesday. "As far as I'm concerned, it's just a waste of time." Trump's remarks came shortly after the US launched a new wave of strikes against Iran and revoked waivers allowing the sale of Iranian oil. These actions were a response to the recent attacks on ships in the Strait of Hormuz, bringing new volatility to energy markets and testing the already fragile peace agreement between the US and Iran. Trump stated, "I don't want to deal with them, but they're scum. You know what scum is? They're scum. They're sick people, led by sick people, they're vicious and violent people, and if they had nuclear weapons, they would use them." However, Trump indicated he would not prevent negotiators from continuing contact, although he expressed pessimism about this strategy. He said, "They have problems, they're crazy. They can talk, but I think they're wasting their time." (Jinshi)
Iranian Foreign Minister: If threats persist, final agreement negotiations will not begin.
According to Mars Finance, on July 7, Iranian Foreign Minister Araqchi stated that if the threats continue, negotiations for a final agreement will not begin, and urged Iran to honor its commitments.
The Iranian military issued a strong warning: any attacks during Khamenei's state funeral will be met with "brutal retaliation."
According to Mars Finance, on July 2nd, as Iran prepares for the state funeral of former Supreme Leader Ayatollah Ali Khamenei, the military issued a stern warning. Ali Abdourahhi, commander of the Central Headquarters of the Iranian Armed Forces at Hatem Anbia, stated, "We warn the United States and Israel not to make any miscalculations. Any threat or aggression will invite brutal retaliation from the Iranian armed forces." Iranian Foreign Minister Araqchi also spoke out on social media, urging Trump to "keep his henchmen in Tel Aviv in check." The state funeral arrangements include a procession starting in Tehran on July 4th, followed by burial in Mashhad on July 9th, with commemorative events held in Qom and Iraq. Iran has raised its national security level and implemented temporary airspace controls in several areas. Iranian Parliament Speaker Ghalibaf called for large-scale public participation in the funeral, "letting the call for revenge resound throughout the world." Currently, the next round of indirect negotiations between the US and Iran will begin after the funeral, focusing on issues such as the implementation of the ceasefire memorandum, the unfreezing of frozen assets, and the Strait of Hormuz. Sharp disagreements remain between the two sides over freedom of navigation in the Strait of Hormuz. Khamenei was killed in an airstrike on February 28, the first day of the war, and his son Mujtaba Khamenei has succeeded him as Supreme Leader.
Iran says it will begin negotiations on a final agreement with the United States when the time is right.
According to BlockBeats, on July 1st, CCTV News reported that Iranian Deputy Foreign Minister Gharibabadi led a delegation from the Iranian Ministry of Foreign Affairs, the Central Bank, and other departments to Qatar. That morning in Doha, they met with Qatari Prime Minister and Foreign Minister Mohammed bin Salman to discuss the implementation of the US-Iran Memorandum of Understanding (MOU), including "removing existing obstacles" to a ceasefire in Lebanon. Following the meeting between Gharibabadi and Mohammed, representatives from Iran, Qatar, and Pakistan held trilateral talks in Doha to review the implementation of the MOU. Gharibabadi stated after the meeting that Iran has established a working group to monitor the implementation of the MOU and negotiate a final agreement, but formal negotiations have not yet begun. Iran is continuing consultations through mediators to determine the time and place for its working group to begin negotiations. "If the necessary conditions are met, the working group will formally begin negotiations," he said.
Less than 20 days after the ceasefire between the US and Iran, the situation has changed again: the US has intensified its attacks on Iran, revoked oil waivers, and increased the scale of its strikes fivefold.
PANews reported on July 8 that, according to Jinshi News, the United States launched a new round of airstrikes against Iran and revoked a waiver allowing it to sell oil globally. This move further jeopardizes the peace agreement between the two countries following frequent attacks on ships in the Strait of Hormuz. The U.S. Central Command issued a statement on the X platform stating that this "powerful strike" was intended to "impose a heavy price on attacks and harassment of merchant ships carrying innocent civilians in international waters," and that Iran's aggression was "unjustified, dangerous, and a clear violation of the ceasefire agreement." According to the U.S. Treasury Department's Office of Foreign Assets Control on July 7, the U.S. revoked a general license authorizing the sale of Iranian oil, with the remaining transactions allowed to continue until midnight Eastern Time on July 17.
The US-Iran peace agreement has released a large amount of crude oil supply, reigniting concerns about a global supply glut.
Odaily Odaily reports that with the US-Iran peace agreement releasing a large supply, oil prices have fallen across the board, with demand unable to absorb the impact, reigniting discussions about a crude oil oversupply. This is a stunning reversal; less than three months ago, major global physical crude oil benchmark prices hit record highs; and just weeks ago, senior industry executives were warning that global inventories had fallen to extremely low levels due to the Iranian crisis. In addition to the immediate impact of the reopening of the Strait of Hormuz, analysts from institutions such as Morgan Stanley and Goldman Sachs have warned this week of the risk of a supply glut next year. "The overwhelming sentiment in the market right now is bearish," said Kit Haynes, head of oil research at energy consultancy Energy Aspects. Even before the US and Iran signed a memorandum of understanding in mid-June to reopen the Strait of Hormuz, suppliers in the Persian Gulf were already increasing shipments. In the weeks following the agreement, more than 60 million barrels of crude oil stranded due to the outbreak of war flooded the market. (Jinshi)