Trump condemns Iran for violating ceasefire agreement, calls drone attack on cargo ship in Hormuz 'stupid', threatens to retaliate with 100% tariffs on digital services tax.

The ceasefire arrangement between the U.S. and Iran has faced its first major test.

On Friday, the 26th local time, U.S. President Trump posted on social media, accusing Iran of launching drone strikes near the Strait of Hormuz that day, calling it "a foolish violation of the ceasefire agreement."

Trump stated that a merchant ship sailing near the Strait of Hormuz was attacked by four drones, with one hitting the hull and the remaining three shot down by U.S. forces.

Trump thanked the U.S. Central Command (CENTCOM) and U.S. forces in the Middle East for their swift action, saying their timely interception prevented more serious consequences.

Trump emphasized that the U.S. will continue to safeguard navigation security in the Strait of Hormuz, the world's most important energy transport route, and will closely monitor the implementation of the ceasefire agreement.

Subsequently, in another social media post, Trump threatened to impose "100% tariffs" on goods imported from any country that levies digital services taxes on U.S. companies. "Whether the relevant trade agreement has been implemented, signed, or not yet signed, this tariff will override those agreements."

Notably, Trump's post did not announce new military action or indicate that the U.S.-Iran ceasefire agreement had collapsed, instead characterizing the incident as a violation by Iran.

U.S. media believe this reflects that the White House still hopes to push both sides to continue implementing the previously signed memorandum of understanding through a combination of diplomacy and military deterrence.

As markets continue to assess the Middle East situation, international oil prices fluctuated more during the trading day. However, before and after Trump's post, the market overall remained more focused on the prospects of the U.S.-Iran ceasefire agreement and the return to normal shipping in the Strait of Hormuz. Earlier, as Iran indicated that it would manage Strait of Hormuz shipping in accordance with the U.S.-Iran memorandum of understanding, international oil prices fell sharply. When U.S. stocks hit their daily lows in early trading, WTI crude fell nearly 4.7% intraday, and Brent crude fell nearly 5.2%.

Analysts believe that while Trump strongly condemned Iran for violating the ceasefire agreement this time, he did not announce the termination of U.S.-Iran diplomatic contacts or indicate withdrawal from the just-reached memorandum of understanding. Instead, he continued to demand that Iran fulfill its commitments under the agreement, showing that the White House still hopes to maintain the hard-won ceasefire framework.

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