The United States launched a third round of strikes against Iran and announced the reinstatement of a naval blockade on Iranian ports, amid the collapse of the memorandum of understanding (MoU) signed by both sides after fighting resumed last week.
Hours before announcing the strikes, Trump said the Strait of Hormuz is open and will remain so “with or without Iran.” He also announced that the United States would reimpose its blockade on Iranian ports and begin charging fees to ships transiting the waterway.
The president set a 20% levy “for each and every cost necessary” to guarantee the security of vessels in the strait. The United States Central Command said preparations to resume blocking ships bound for or departing from Iranian ports would begin at 20:00 GMT on Tuesday.
The International Maritime Organization (IMO) rejected both the proposed fees and the military actions in the area. In a statement, the IMO Council reaffirmed its commitment to protecting vital sea routes and said passage through the Strait of Hormuz “must remain free of tolls and charges, in accordance with international law.”
Two tankers attacked by Iran: one Indian crew member killed
The United Arab Emirates Ministry of Defense reported on Monday that two national tankers were attacked with two Iranian cruise missiles in the southern channel of the Strait of Hormuz, in Omani territorial waters. The attack killed one Indian crew member and injured eight others, four of them seriously.
The ministry said fires broke out on both vessels but were brought under control. It condemned the attack as a serious violation of international law and said the UAE retains the full right to respond and take all necessary measures to protect its sovereignty and security.
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Trump says Iran sought further negotiations after agreement was reached
The U.S. president said the United States had reached an agreement with Iran two days earlier, but that Tehran wanted to continue negotiating it.
When asked by a reporter whether he had decided a negotiated agreement with Iran was no longer possible, Trump replied: “I never reached that conclusion.”
He added that he believed the most effective way to pressure Iran was a combination of a blockade and strikes.
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The International Maritime Organization (IMO) reiterated on Monday that passage through the Strait of Hormuz must remain free of charges, following U.S. President Donald Trump’s announcement the same day that the United States would impose a 20% fee for what he called security protection.
Under international law, passage must remain free of customs duties and charges, the UN specialized agency based in London said. The IMO emphasized that any agreement among the region’s littoral states must guarantee nondiscriminatory and unimpeded transit rights for all ships.
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Donald Trump announced he will address the nation in prime time on Thursday, an announcement that comes amid a significant escalation of hostilities with Iran.
“President Trump will address the nation on Thursday night at 9 p.m. Eastern Time (01:00 GMT Friday). Thank you for your attention!” Trump posted on his social network Truth on Monday.
U.S. missions in the United Arab Emirates suspend consular appointments
The United States announced the suspension of consular appointments in the United Arab Emirates for three days beginning Monday, due to the escalation of military tensions in the Gulf region.
“The U.S. Embassy in Abu Dhabi and the U.S. Consulate General in Dubai have canceled consular appointments from July 13 to July 15 due to the regional security situation. If you have an appointment scheduled for those dates, please do not go to the embassy or consulate. We will contact you to reschedule,” the notice said.
Iran’s foreign minister mocks Trump’s fee to protect ships in Hormuz
Iranian Foreign Minister Abbas Araghchi mocked U.S. President Donald Trump’s proposal to impose fees to protect ships navigating the Strait of Hormuz, saying his country would charge a cheaper toll.
“Whoever guarantees the safe passage of commercial ships through the Strait of Hormuz should receive compensation for the service. Iran has always been the guardian of the strait and will remain so forever. Twenty percent is, of course, too much. We will be fair,” the minister wrote on social media, referring to the fee Trump proposed earlier.
Oil prices jump more than 9%
Oil prices surged on Monday, driven by the U.S. reinstatement of a naval blockade on Iranian ports and Washington’s intention to charge a toll for vessels crossing the Strait of Hormuz.
By 18:20 GMT, the North Sea Brent benchmark rose 9.06% to $82.90 a barrel. U.S. West Texas Intermediate (WTI) advanced 9.05% to $77.87 a barrel.
U.S. naval blockade against Iran to begin Tuesday
The United States will begin enforcing a naval blockade against all Iranian ports and oil terminals on Tuesday, the Joint Maritime Information Center (JMIC) of the U.S.-led Combined Maritime Forces said in a statement on Monday.
According to the JMIC, the blockade will apply to all vessels regardless of flag. The blockade will not prevent neutral traffic transiting the Strait of Hormuz destined to or from locations outside Iran, the statement added.
Humanitarian shipments will be allowed passage, subject to inspections, the JMIC said.
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Saudi coalition says it responded to ballistic missile attack by Yemen’s Houthis
The Saudi-led military coalition intervening in Yemen since 2015 said on Monday it had responded to a ballistic missile attack launched by the Houthi rebels, after the Shiite movement accused Riyadh of bombing Sanaa International Airport.
“Air defenses responded to a ballistic missile threat launched by the terrorist Houthi militia toward the southern region,” Turki al-Maliki, spokesperson for the Coalition to Support Yemeni Legitimacy, said on X.
European stock markets close slightly higher amid Middle East uncertainty
European stock markets closed slightly higher on Monday after a session marked by the resumption of hostilities and rising oil prices, along with concerns about the technology sector and the outlook for interest rates.
London finished up marginally at 0.01%, Paris gained 0.31%, Frankfurt 0.19%, Milan 0.37% and Madrid 0.25%.
Guterres warns of military escalation in the Gulf after U.S. and Iranian attacks
UN Secretary-General António Guterres warned on Monday about U.S. attacks on Iran and Tehran’s strikes on vessels in the Strait of Hormuz and on neighboring countries.
Guterres expressed his “deep concern about the serious escalation and the resumption of military confrontations in the Gulf region,” his spokesperson Stéphane Dujarric said.
Oil rises more than 4% as tensions between the U.S. and Iran grow
Oil prices climbed strongly on Monday, with West Texas Intermediate trading at $74.53 a barrel, up 4.37%, while Brent rose 4.30% to $79.28. The increase occurred amid growing military tensions between the United States and Iran, which revived doubts about the security of transit through the Strait of Hormuz.
The energy rally also affected stock and bond markets: the VIX volatility index jumped 7.77%, while U.S. Treasury yields rose across the curve — the 10-year yield increased 0.63% and the 5-year yield 0.88% — reflecting investor caution over a possible prolonged disruption to global energy trade.
CENTCOM confirms first combat use of maritime drones: struck Iranian naval base in Bandar Abbas
U.S. Central Command (CENTCOM) said its forces successfully struck a submarine and ship maintenance facility in Iran using multiple single-use aerial attack drones. According to CENTCOM, three unmanned surface vessels of the Corsair model impacted the port at Bandar Abbas Naval Base.
CENTCOM said the attack marked the first time U.S. forces have used maritime drones in combat. The command stated that the nighttime strikes “degraded Iran’s ability to continue attacking commercial maritime traffic,” amid the military escalation that has put transit through the Strait of Hormuz on edge.
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Trump says the U.S. will charge a 20% fee to protect ships in the Strait of Hormuz
President Donald Trump said the Strait of Hormuz is and will remain “OPEN,” with or without Iran, and that the United States is reinstating what he termed the “IRANIAN BLOCKADE,” which, as he explained, will only prevent Iranian ships or customers from entering or leaving.
“All other countries will have fair and open use of the strait,” the president wrote on Truth Social.
Trump said the United States will from now on be known as “THE GUARDIAN OF THE STRAIT OF HORMUZ,” and argued that, “as a matter of FAIRNESS,” the country should be reimbursed at a rate of 20% on all transported cargo, to cover the costs necessary to provide security in “this very volatile section of the world.” “The process and training will begin immediately,” he added.
The announcement intensifies Trump’s rhetoric over the strait, after he had earlier told Fox that Washington would become the “guardian” of the waterway and be compensated for guarding it, amid the military escalation with Iran and Tehran’s warning that it would consider any Gulf state cooperation with the U.S. over the passage “an act of war.”
The full report is at this link.
Iran’s Revolutionary Guards accuse the U.S. of endangering global oil supply by “interfering” in Hormuz
Iran’s Islamic Revolutionary Guard Corps accused the United States on Monday of endangering the global supply of oil and gas by “interfering” in the Strait of Hormuz after hostilities between the two countries resumed. IRGC spokesperson Hosein Mohebi said the United States “must be held accountable” for putting global energy security at risk.
In a post on X, Mohebi added that Tehran “will continue to exercise its sovereignty and management of the Strait of Hormuz,” signaling that Iran is unwilling to cede operational control of the route despite U.S. pressure.
The accusation followed an earlier warning from the Khatam Al-Anbiya military command, which said any Gulf state cooperation with Washington regarding management of the strait would be considered “an act of war,” after President Trump said the United States would become the strait’s “guardian” and should be compensated for doing so.
Wall Street opens lower on U.S.-Iran escalation and a drop in semiconductors
Stocks on Wall Street opened mostly lower on Monday morning as markets weighed rising oil prices and a pullback in semiconductor shares, while investors looked ahead to upcoming corporate earnings and economic data. Crude prices rose more than 3% amid growing tensions between the United States and Iran, reviving concerns about oil infrastructure in the Strait of Hormuz.
U.S. semiconductor shares fell early after a weak session on South Korea’s Kospi, driven by a sharp decline in SK hynix. About ten minutes after the open, the Dow Jones was up 0.1% at 52,676.53 points, while the S&P 500 was down 0.4% at 7,547.53 and the Nasdaq Composite fell 0.9% to 26,039.50.
“Tensions with Iran, which are intensifying, are pushing oil prices up, and that is raising Treasury yields, while the liquidation of SK hynix drags memory-linked stocks down, which in turn pressures the Nasdaq and the S&P,” said Art Hogan of B. Riley Wealth Management. This week’s agenda includes major U.S. bank earnings, a congressional appearance by Federal Reserve Chair Kevin Warsh, and the latest consumer price index data.
Iran warns Gulf states: cooperating with the U.S. in the Strait of Hormuz will be considered “an act of war”
The Iranian military warned Gulf states on Monday that any cooperation with the United States in managing the Strait of Hormuz would be considered “an act of war,” as hostilities between Tehran and Washington resumed. A spokesperson for the Khatam Al-Anbiya military command made the warning in a video message addressed to regional nations.
The same spokesperson said Iran “under no circumstances will allow… the United States to interfere in the management” of the strategic waterway, aiming to dissuade Washington’s regional allies from joining any joint scheme to administer the strait.
The statement follows President Donald Trump’s remarks that the U.S. would become the “guardian” of the Strait of Hormuz and should be compensated for protecting it, amid the military escalation that has put this key energy trade route at risk.
Trump says the U.S. is “taking control” of the Strait of Hormuz
President Donald Trump said on Monday that the United States was “taking control” of the Strait of Hormuz after several days of exchanges with Iran in the vital maritime corridor. “We are taking control of the strait. They have nothing. They have nothing,” Trump said in an interview with Fox News, referring to Iran’s supposed military vulnerability.
The president added that the United States would become the “guardian” of the strait and should be paid for protecting it. “We will become the guardian of the strait (…) And we should be compensated for that,” he said in the interview.
He also warned Iran sharply after the breakdown of the existing military agreement, saying the United States struck Iranian military equipment during the night. “Most of their equipment no longer exists. Their anti-aircraft guns — we hit them very hard last night,” he said. “Every time they send a drone, we hit them very hard.” Trump asserted that Washington had reached an agreement with Tehran that was later violated: “We had an agreement… and they broke it. They always break it. So we are going to hit them very hard and stay in the strait, and we will probably administer it.”
The remarks come amid a dispute over control of the strait, after Iran threatened to close it and fired “warning shots” at ships attempting to cross, while Washington insists maritime traffic continues to flow normally despite the military escalation.
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Video: U.S. releases footage of new wave of strikes against Iran
U.S. forces completed a new wave of strikes against Iran on Sunday, hitting dozens of targets at multiple locations with precision munitions, the U.S. Central Command (CENTCOM) reported. CENTCOM said it struck air defense systems, coastal radars, missile and drone capabilities, and small Iranian vessels using combat aircraft, warships, and single-use aerial and maritime attack drones.
Iranian media reported on Sunday missile strikes and explosions around the port cities of Sirik and Bandar Abbas — where military installations near the strait are located — and the nearby island of Qeshm. Iran’s foreign ministry condemned the U.S. strikes over the weekend as “aggressive.” Reuters could not independently verify the location or date of the video footage, nor find any earlier version posted online before July 12.
The Houthis warn they will retaliate for the attack on Sanaa airport
Yemen’s Iran-backed Houthis said on Monday they will respond to the attack on Sanaa airport, which they attributed to Saudi Arabia, although the operation was claimed by the Yemeni government backed by Riyadh. Houthi military spokesperson Yahya Saree accused Saudi Arabia of “ending the de-escalation phase and assuming full responsibility for the consequences of its aggression.”
Saree warned that “this aggression will not go unanswered or unpunished,” indicating the rebel group could intensify its actions amid the region’s growing tensions linked to the U.S.-Iran confrontation.
Yemeni government claims attack on Sanaa airport; Houthis blame Saudi Arabia
The internationally recognized government of Yemen said on Monday it attacked Sanaa airport after a dispute over an Iranian plane carrying a Houthi delegation, an operation the government claimed despite Houthi accusations that Saudi Arabia was responsible. “The Houthi terrorist militias — backed by the Iranian regime — prevented national Yemeni aircraft from landing at the capital’s airport while insisting on allowing an Iranian plane to violate Yemeni territory; accordingly, the airport runway was attacked,” Yemen’s Defense Ministry said.
Earlier, the Houthi channel Al Masirah reported that “the Saudi aggression attacked the takeoff and landing runways of Sanaa International Airport.” The Houthis said they would respond to the attack they attributed to Saudi Arabia, even though the Riyadh-backed Yemeni government claimed responsibility. Houthi spokesperson Yahya Saree said Saudi actions “end the de-escalation phase” and warned: “We affirm that this aggression will not go unanswered or unpunished.”
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Bahrain intercepts Iranian drones and missiles amid reports of strikes in southern Iran
Bahrain’s military said on Monday that its air defenses intercepted and destroyed several missiles and drones launched by Iran during the day, following claims by the Islamic Revolutionary Guard Corps that it had struck U.S. military installations in the Gulf, including bases on Bahraini territory. Bahrain’s Defense Forces accused Iran of continuing to target the kingdom’s civilian population.
Separately, Iran’s semi-official ISNA news agency reported that a U.S. strike on a target in Isfahan province in central Iran killed one person and injured seven in the early hours of Monday, according to the province’s deputy security governor. Iran has not released an official casualty count since the recent large-scale exchange of strikes began last week, but state media reports and incident statements suggest about 20 people have died from renewed U.S. bombardments. At the start of the war thousands were killed, mostly in Iran and Lebanon.
Bahrain’s military accuses Iran of attacking civilians
On Monday, Bahrain’s armed forces accused Iran of attacking civilians in their latest strikes against the kingdom, after Tehran said it had hit U.S. military facilities and infrastructure there.
“Iran continues its systematic hostile behavior through its atrocious missile and drone attacks directed at civilians in the Kingdom of Bahrain,” the armed forces’ general command said in a statement, adding that air defenses “intercepted and destroyed several Iranian air attacks” on Monday morning.
Iranian media report explosions near the Strait of Hormuz
Explosions of unknown origin were heard on Monday in southern Iran, near the Strait of Hormuz, a news agency reported, after an exchange of strikes between Tehran and Washington.
“Media outlets and residents reported hearing explosions on Monday at midday near Bandar Abbas and the island of Qeshm,” Mehr news agency said, adding that the explosions “appear to originate from the west coast of Bandar Abbas.”
Iran says it continues talks with mediators to “avoid escalation” with the U.S.
Iran said on Monday it is continuing diplomatic efforts with mediators Qatar, Pakistan and Oman to “avoid an escalation” with the United States amid the renewed hostilities between the two countries.
“The role of the mediators is to continue their efforts to prevent an escalation of tensions,” Foreign Ministry spokesperson Esmail Baqai said, adding that Tehran had been in contact “in recent days” with Qatar and Oman — two countries that Iran had attacked militarily — as well as with Pakistan.
Iran says it will stop complying with the agreement if the U.S. does not meet its commitments
Iran announced on Monday that it would no longer abide by the memorandum of understanding signed with the United States if Washington failed to fulfill its commitments to end the war.
“Whenever the other party has not fulfilled its obligations, we have not fulfilled ours… We will continue to act in this manner,” Foreign Ministry spokesperson Esmaeil Baqaee said at a press conference in Tehran after the latest wave of hostilities between the two adversaries.
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