ANKARA, Turkey — President Donald Trump said Wednesday he considers the fragile ceasefire with Iran finished, hours after the U.S. military struck more than 80 targets inside the country and Tehran retaliated with missile and drone attacks on American bases in Bahrain and Kuwait.

Speaking on the sidelines of the NATO summit in Ankara, Trump told reporters he no longer wants to engage with Iranian leaders, whom he described as "scum," calling them liars and cheats. He said negotiations could technically continue but dismissed them as pointless. The remarks cast fresh doubt over the memorandum of understanding brokered last month with Pakistan's help, which had opened a 60-day window for talks after months of war between the U.S., Israel and Iran. Fox News

The latest escalation began Monday and Tuesday, when Iranian forces struck at least three commercial vessels transiting the Strait of Hormuz, a critical corridor for global oil shipments. In response, the U.S. carried out what officials called "punishment" strikes across Iran and reimposed sanctions on Iranian oil exports that had been eased under the truce. A U.S. official told CNN the strikes were "not proportional," warning that Iran knew the consequences of continuing to target shipping.

Iran's Revolutionary Guard confirmed it answered with missile and drone strikes on U.S. installations in Kuwait and Bahrain early Wednesday. Kuwaiti defense officials said air defenses intercepted more than a dozen incoming projectiles. In Iran's Khuzestan province, local officials reported at least one death and two injuries from the American strikes, according to state media.

The exchange rattled global markets. Brent crude jumped more than 6% to nearly $79 a barrel, while U.S. crude climbed a similar margin to around $75, marking the sharpest one-day moves since early June. Analysts warned that any breakdown in U.S.-Iran relations threatens to disrupt oil flows through the Strait of Hormuz, a chokepoint for a significant share of the world's seaborne crude.

The crisis unfolded as Iran held funeral observances for Supreme Leader Ali Khamenei, who died earlier in the conflict, and as Trump used the NATO gathering to press European allies on defense spending. The European Union's top diplomat, Kaja Kallas, called Iran's strikes on Bahrain and Kuwait unacceptable and said Tehran had violated the terms of the memorandum by targeting ships near the strait.