President Trump delivered strong remarks today during the NATO summit in Ankara, declaring that the U.S.-Iran "Islamabad Memorandum of Understanding" is "over" and condemning the Iranian regime as "pathological individuals." This statement signals the potential collapse of the 60-day U.S.-Iran ceasefire negotiation framework, which had only been in effect for 20 days, and marks a sudden escalation in the Middle East geopolitical crisis. This move is expected to further fuel inflation expectations, as the 14-point framework agreement previously brokered by Pakistan had temporarily restored Iran's daily crude oil exports of several million barrels. With Trump declaring the "agreement terminated" and revoking sanctions waivers, global crude oil supply faces systemic reductions once again, directly reinforcing the inflation resurgence expectations for WTI crude oil to remain above $70 per barrel. If blockades reemerge, shipping premiums could soar. In response to yesterday's sudden attack on a Qatari LNG tanker in the Strait of Hormuz, the U.S. military has launched retaliatory airstrikes. The U.S. and Iran have reverted to a "no negotiation, only confrontation" logic, not only shutting the ceasefire window completely but also pushing the Strait of Hormuz and the Gulf of Oman to the brink of indefinite military blockade. Global shipping insurance premiums and the energy lifeline are set to face a new wave of violent risk premium shocks.