U.S. accused of violating ceasefire, Iran parliamentary speaker says

Iran’s announced two-week ceasefire with the United States, brokered by Pakistan, came under immediate strain as parliamentary speaker Mohammad Bagher Ghalibaf accused Washington of violating the agreement, raising doubts about the truce’s durability.

Ghalibaf said in a social media post that three provisions of Tehran’s 10-point framework had already been breached: continued hostilities in Lebanon despite a supposed ceasefire, the incursion of a drone into Iranian airspace that was later downed, and what he described as a refusal to recognize Iran’s right to uranium enrichment. Those claims underscore competing interpretations of what the ceasefire actually covers and highlight discrepancies between the versions circulated in Farsi and English.

Markets reacted quickly: oil prices plunged below $100 a barrel and equity futures rallied on relief that the Strait of Hormuz could reopen, easing immediate supply fears. Traders nonetheless remained cautious, noting that a durable cooling of tensions depends on on-the-ground cessation of strikes and clear, enforceable terms for shipping through the strait.

The wider context is complex: Iran’s demands during negotiations have included sanctions relief, guarantees on enrichment, withdrawal of regional forces, and economic compensation — items that go beyond a simple pause in fighting. Different public accounts from U.S., Iranian and regional actors have contributed to confusion over the truce’s scope and sequencing of implementation steps, reducing trust at the outset.

Looking ahead, analysts warn of persistent volatility. If violations continue or the sides fail to codify shared terms, markets could reprice significant risk premia into energy and safe-haven assets. Conversely, verifiable implementation — notably unimpeded commercial passage through the Strait of Hormuz and an agreed monitoring mechanism — would likely calm markets and reduce near-term price spikes. Upcoming talks in Pakistan and subsequent field developments will be watched closely by investors and policy makers alike.