Woke up to find the US and Iran have clashed once again! The ceasefire agreement just signed is torn up like useless paper.

The US Central Command issued a statement yesterday saying US warplanes struck Iranian missile and drone warehouses, as well as coastal radar stations. The reason given was that the day before, Iran used a drone to bomb a Singapore-flagged cargo ship near the Strait of Hormuz.

But Iran flatly denies this. The Islamic Revolutionary Guard Corps announced early this morning—the US attacked first, striking the Sirik area in Hormozgan Province, and only then did they retaliate, directly bombing US positions in the region.

Both sides are telling different stories, but the fighting is real.

What's more shocking is that both sides are citing the "memorandum." The US says it attacked to "enforce the agreement," while Iran fired back with a statement: According to Article 5 of the memorandum, the Strait of Hormuz is under Iran's jurisdiction. The US is being dishonest and deserves to be hit. They added a warning: if the US dares to come again, the retaliation will be larger.

They had just reached an agreement, then fell out again, fought, then negotiated, then fought again.

From a commercial ship attack to air strikes, then missile retaliation, the powder keg exploded overnight. What happens next? No one knows.

The Strait of Hormuz, the world's oil valve, has now become a battlefield. Oil prices, stock markets, the Middle East situation—wake up and everything has to be reassessed.