Trump says Iran deal ‘over’, threatens more strikes
Thursday, 9 July 2026
While we slept
US President Donald Trump has said he is now “not sure” if he wants a peace deal with Iran as renewed hostilities in and around the Strait of Hormuz continues.
Trump on Wednesday declared the US-Iran ceasefire “over”.
Speaking at a media conference in Turkey, where he was attending the summit of the Nato military alliance, Trump said: “I’m not sure I want to make a deal with them.
“We can play games, but I’m not sure I want to make a deal,” he said, followed by: “Let’s just finish the job.”
He made comments about Iran doing a disservice to its people.
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Tehran on Tuesday attacked three commercial vessels in or near the Strait of Hormuz, according to naval group US Central Command and the Joint Maritime Information Centre.
Following those attacks, the US revoked its waiver of sanctions on Iranian oil sales, which was part of the temporary ceasefire deal, and launched dozens of retaliatory strikes on Iranian military infrastructure and small boats.
Trump signalled the US would reimpose its naval blockade in the Strait of Hormuz, and downplayed the nuclear threat posed by Iran.
Market Summary
US indices declined on Wednesday after Trump’s remarks , also sending oil prices to a more than two week high, up 5.7% to US$78.37 per barrel.
The Dow Jones declined 1.1%, the S&P 500 moved 0.4% lower and the tech-heavy Nasdaq exchange was less impacted, down 0.1%.
European stock markets also fell.
Germany's DAX shed more than 2.2%, the FTSE 100 in London lost 1.5%, and France's CAC 40 fell more than 2%. The pan-European STOXX 600 index closed down 1.6%.
Asian markets declined, following cues from Wall Street and European stocks.
South Korea’s benchmark KOSPI fell 5.84%, Japan’s Nikkei 225 fell 1.14% and the TOPIX declined 0.60%. China’s CSI 300 Index moved 0.20% lower, while the Shanghai Composite Index declined 0.12%.
Back here, New Zealand’s S&P/NZX50 closed down 0.71% after a day of volatile trading, initially rising after the Reserve Bank increased the Official Cash Rate by 25 basis points to tackle climbing inflation.
Mining companies were the biggest winners in trading on Wednesday, with Taiko Critical Minerals up 15.25%, New Talisman Gold Mines up 9.09% and Rua Gold up 4.52%.
Investment company Marlin Global advanced 7.14%, Allied Farmers rose 6.45% and cancer diagnostics company Pacific Edge rose 3.57%.
Synlait Milk was among the biggest losers of the day, down 6.41%, Blis Technologies declined 5.88% and Burger Fuel Group declined 5.71%. Meanwhile Chatham Rock Phosphate reversed its gains earlier in the week, down 5.56% and payroll software company PaySauce declined 5.36%.
What’s up today
In today’s The Post, Tom Pullar-Strecker reports Labour’s solar plan, the Reserve Bank’s first OCR increase in three years and Miriam Bell reports there is ‘a clear regional divide’ in the property market. Today’s Global Read is about how US airlines are redesigning travel around their highest-paying passengers, the long and the short of it examines the emerging AI bubble, questioning if this 1999 all over again. Blayne Slabbert reports rain today, reckoning ahead: Canterbury's flood bill is set to be NZ's biggest.