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Within a day, the Iran-U.S. ceasefire began breaking down

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Traders work on the floor of the New York Stock Exchange (NYSE) on April 04, 2025 in New York City.

Iran’s parliamentary speaker, Mohammad Bagher Ghalibaf, said Wednesday that three clauses of the 10-point ceasefire framework with the United States had already been violated, despite negotiations not beginning.

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The Strait of Hormuz remained largely blocked, with only four tanker transits recorded on the day, according to S&P Global Market Intelligence. The statement throws immediate uncertainty over a deal that is barely 24 hours old and exposes a fundamental disagreement over what was agreed to. Trump moved Wednesday to dismiss the idea that any framework other than his own was on the table. The single biggest point of contention, and now the most violent, is Lebanon. Israel’s military said Wednesday it had struck more than 100 Hezbollah command centers and military sites in 10 minutes, in what it called the largest wave of strikes in the conflict.

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