Trump Declares Iran Ceasefire "Over"; Rial Smashes Through 180,000 Toman, Tehran Stock Exchange Sheds 52,000 Points (Wednesday, July 8, 2026)

One sentence spoken in Ankara, and Tehran's entire market lost its color within just a few hours. Donald Trump told the NATO summit that the ceasefire with Iran is completely over now. Iran's free market dollar broke through one hundred and eighty thousand toman today. It all started Tuesday with an attack on three tankers near the Strait of Hormuz. The Tehran Stock Exchange's main index fell fifty two thousand points, down to two point six eight million. The dollar traded near one hundred seventy six thousand toman this morning, before the afternoon jump. Trump called Iranian officials scum, sick people, and vicious, violent people, in blunt terms. Ghalibaf replied that the era of bullying and extortion is over, and Iran will not fold. The Dow Jones fell five hundred seventy six points, and airline stocks dropped sharply too. A pricier dollar can push up the cost of imported goods and everyday living for households. Ghalibaf said the era of bullying is over, and Iran will never fold under pressure. This escalation came just two days after Khamenei's massive state funeral finally ended. International media reported death to America chants and anti Trump placards at the funeral. Qatar and several other Gulf Arab states condemned Iran's strikes on Kuwait and Bahrain. US regulators are investigating suspiciously timed oil trades before Trump's earlier Iran announcements. How unified Tehran's decision making really is remains one of the biggest open questions now. Watch the dollar's reopening rate, the bourse's reaction on Saturday, and Brent's next move. Read the full and detailed analysis of this story right now on Sahmino.