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NewsABC Action News (WFTS) — NewsAugust 18, 2026Hillsborough

President Trump halts negotiations with Iran following expiration of 60-day ceasefire

President Donald Trump announced that no talks are scheduled with Iran after a 60-day ceasefire agreement expired without a long-term resolution. The U.S. maintains its naval blockade in the Strait of Hormuz, and the President has directed his team to suspend engagement until Iran is prepared to negotiate a deal.

foreign policyIranmilitary conflictenergy pricesStrait of Hormuz
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Why It Matters

The breakdown of the ceasefire and ongoing directly impacts global oil markets and domestic fuel prices, which currently average $4.07 for gasoline and $5.46 for diesel.

Key Facts

  • The 60-day ceasefire agreement between the U.S. and Iran has expired.
  • President Trump has ordered his team to cease engagement with Iran until they are ready to negotiate.
  • The U.S. naval blockade in the Strait of Hormuz remains in effect.
  • The expired June agreement included sanctions relief and $300 billion in reconstruction funding for Iran.
  • President Trump threatened to bomb Oman if it interferes with U.S. efforts in the Strait of Hormuz.
  • The U.S. and Iran have been in an active state of war since February 28.
  • 18 U.S. service members have died since the conflict began.
  • The national average price for gasoline is $4.07 per gallon.
  • The national average price for diesel is $5.46 per gallon, up from $3.69 one year ago.

Who's Mentioned

personDonald Trump“President of the United States”locationOman“Nation involved in separate talks with Iran regarding the Strait of Hormuz”locationIsrael“U.S. ally in joint military strikes”locationIran“Nation currently in conflict with the U.S.”other18“Number of U.S. service members killed in the conflict”