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    Home»Markets»Trump accuses Iran of breaching ceasefire ahead of high-stakes Hormuz deadline
    Markets

    Trump accuses Iran of breaching ceasefire ahead of high-stakes Hormuz deadline

    adminBy admin04/21/2026No Comments2 Mins Read
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    Both Washington and Tehran are now accusing each other of breaching the conditional ceasefire agreed on April 8, with more than 24 hours left before it expires tomorrow.

    US President Donald Trump posted on Truth Social on Tuesday that Iran had violated the truce “numerous times,” while Iran’s military called a US destroyer’s firing on an Iranian-flagged cargo ship in the Gulf of Oman a violation of the ceasefire and vowed retaliation.

    The incident has put the two-week agreement, under which Iran agreed to keep the Strait of Hormuz open to shipping, under severe strain at a critical moment.

    Bitcoin declined from $76,500 to $75,709 after comments from Donald Trump, though it later recovered to trade near $75,900, maintaining a 1% gain on the day, per CoinGecko.

    Addressing the situation on CNBC’s Squawk Box this morning, Trump predicted that the US would secure a “great deal” with Iran to end the war, saying Tehran’s military and leadership had been so badly degraded that negotiations were the only remaining option.

    Trump said US forces had taken out Iran’s navy, air force and top officials, and in doing so had brought about what he called indirect regime change.

    The president nonetheless expressed confidence that a deal was within reach, saying Iran’s new leadership was “much more rational” and that the country had no choice but to negotiate.

    Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.



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