The ceasefire agreement between the US and Iran is in dire straits following the air strikes by the US against Iranian missile facilities and boats in the vicinity of the Strait of Hormuz, citing self-defense measures for its actions. In response, Iran refers to the actions as a “flagrant breach” and warns of retaliation. The situation appears very grim despite efforts being made in Pakistan and Qatar to secure a new 60-day ceasefire that will see the oil transit route opened up and the Iran nuclear program sorted out.