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 between the two sides after hostilities resumed last week.
Hours before his statements about 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 a blockade on Iranian ports and begin charging fees to vessels transiting that waterway.
The president set a levy of 20% “for all and any costs necessary” to ensure the safety of vessels in the strait. The United States Central Command reported that preparations to resume the blockade of ships destined for, or departing from, Iranian ports would begin at 20:00 GMT on Tuesday.
The International Maritime Organization (IMO) rejected both the fees and the military actions in the area. In a statement, the IMO Council reaffirmed its commitment to protecting vital shipping routes and said that passage through the Strait of Hormuz “must remain free of tolls and charges, in accordance with international law.”
Below is minute-by-minute coverage:
Air-raid sirens sound again in Bahrain
Air-raid sirens sounded for the third time on Tuesday morning in Bahrain, where the Interior Ministry urged residents to take shelter immediately.
Oil prices surge to a four-week high
Oil prices rose about 2%, reaching a four-week high amid ongoing reciprocal attacks between the United States and Iran.
Brent crude futures gained $1.68, or 2%, to $84.98 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.65, or 2.1%, to $79.79 a barrel at 00:51 GMT.
The increase follows a dramatic Monday, when Brent jumped 9.6%, its largest one-day rise since May 2020.
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Bahrain intercepted Iranian aerial attacks
Nabeel Alhamer, press adviser to the King of Bahrain, said the kingdom’s air defense systems intercepted and destroyed multiple Iranian aerial attacks in recent hours.
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Air-raid sirens activated in Bahrain
Warning sirens are sounding in Bahrain, and authorities have urged residents to seek shelter immediately.
The Interior Ministry instructed the public to “remain calm and proceed to the nearest safe location” after the latest alarms were activated.
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 struck by 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 wounded 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 the agreement
The U.S. president said the United States had reached an agreement with Iran two days earlier, but that Tehran wanted to continue negotiating.
Asked by a reporter whether he had concluded that 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 through a combination of blockade and strikes.
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The International Maritime Organization (IMO) reiterated on Monday that transit through the Strait of Hormuz must be free of tolls, after U.S. President Donald Trump said earlier that day that the United States would charge a 20% fee for what he called protection services.
Under international law, passage must remain free of customs duties and charges, the UN specialized agency based in London said. The IMO stressed that any agreement among littoral states in the region must ensure nondiscriminatory and unhindered right of passage for all vessels.
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Donald Trump announced he will address the nation in prime time on Thursday, in the midst of 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 UAE suspend consular appointments
The United States announced the suspension of consular appointments in the United Arab Emirates for three days starting 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 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 statement said.
Iran’s foreign minister mocks Trump over fee to protect ships in Hormuz
Iranian Foreign Minister Abbas Araqchi mocked President Donald Trump’s proposal to charge fees to protect vessels transiting the Strait of Hormuz, saying Iran would charge a cheaper toll.
“Whoever ensures the safe passage of commercial ships through the Strait of Hormuz should receive compensation for that 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 proposed earlier by Trump.
Oil prices surge 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 impose a toll on vessels transiting the Strait of Hormuz.
By 18:20 GMT, Brent crude, the international benchmark, rose 9.06% to $82.90 a barrel. U.S. WTI advanced 9.05% to $77.87 a barrel.
U.S. naval blockade of Iran to begin Tuesday
The United States will begin implementing 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 issued Monday.
According to JMIC, the blockade will apply to all vessels, regardless of their flag. The blockade will not prevent neutral traffic transiting the Strait of Hormuz to or from locations outside Iran, the statement added.
Humanitarian shipments will be allowed passage, subject to inspections, JMIC added.
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Saudi Arabia says it responded to a ballistic missile attack by Yemen’s Houthis
The Saudi-led coalition intervening in Yemen since 2015 said on Monday it had responded to a ballistic missile attack launched by Houthi rebels, after the group accused Riyadh of bombing Sanaa International Airport.
“Air defenses have responded to a ballistic missile threat launched by the terrorist Houthi militia toward the southern region,” Turki al-Malki, the coalition’s spokesperson, said on X. The coalition supports Yemen’s internationally recognized government.
European markets close slightly higher amid Middle East uncertainty
European stock markets closed slightly higher on Monday after a day marked by renewed hostilities and rising oil prices, along with concerns about the technology sector and the outlook for interest rates.
London closed up 0.01%, Paris gained 0.31%, Frankfurt 0.19%, Milan 0.37% and Madrid 0.25%.
Guterres warns about military escalation in the Gulf after U.S. and Iranian attacks
U.N. Secretary-General António Guterres warned on Monday about U.S. attacks on Iran as well as Tehran’s strikes on ships in the Strait of Hormuz and on neighboring countries.
Guterres expressed his “deep concern about the serious escalation of renewed military confrontations in the Gulf region,” his spokesperson Stéphane Dujarric said.
Oil rises more than 4% as tensions between the U.S. and Iran increase
Oil prices climbed strongly on Monday, with WTI trading at $74.53 a barrel, up 4.37%, while Brent rose 4.30% to $79.28. The rise came amid growing military tension between the United States and Iran, reviving doubts about the safety 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 climbed 0.63% and the 5-year 0.88% — reflecting investor caution over an escalation that could disrupt global energy trade.
CENTCOM confirms first combat use of marine drones: attacked an Iranian naval base in Bandar Abbas
U.S. Central Command (CENTCOM) reported that its forces successfully struck a submarine and ship maintenance facility in Iran using multiple single-use attack aerial drones. CENTCOM said three Corsair-model unmanned surface vessels struck the port at Bandar Abbas Naval Base.
The attack, CENTCOM said, marked the first time U.S. forces used marine drones in combat. The command stated that the overnight strikes “degraded Iran’s ability to continue attacking commercial maritime traffic,” amid the military escalation affecting transit through the Strait of Hormuz.
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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 called the “IRANIAN BLOCKADE,” so named, he explained, because it would prevent only Iranian vessels 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 that from now on the United States will be known as “THE GUARDIAN OF THE STRAIT OF HORMUZ,” and maintained that, “as a matter of FAIRNESS,” the country will be reimbursed at a rate of 20% on all cargo transported, for costs necessary to provide security for “this very volatile section of the world.” “The process and training will begin immediately,” he concluded.
The announcement intensified Trump’s rhetoric on the strait, after he had earlier told Fox News that Washington would become the “guardian” of the waterway and should be compensated for overseeing it, amid the military escalation with Iran and Tehran’s warning that it would consider “an act of war” any Gulf cooperation with the United States in managing the passage.
The full report is at this link.
Iran’s Revolutionary Guards accuse the U.S. of endangering global oil supplies by “interfering” in Hormuz
Iran’s Revolutionary Guards accused the United States on Monday of endangering global oil and gas supplies by “interfering” in the Strait of Hormuz after the resumption of hostilities between the two countries. IRGC spokesman Hosein Mohebi said the U.S. “must be held accountable” for putting the security of global energy supplies 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 waterway despite U.S. pressure.
The accusation followed an earlier warning from the Khatam Al-Anbiya military command, which called any Gulf cooperation with Washington over management of the strait “an act of war,” after President Trump said the U.S. would become its “guardian” and should be compensated for doing so.
Wall Street opens lower amid U.S.-Iran escalation and semiconductor sell-off
U.S. stocks mostly fell 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 climbed more than 3% amid growing U.S.-Iran tensions, reviving concerns about oil infrastructure in the Strait of Hormuz.
U.S. semiconductor shares dropped early after a weak session on South Korea’s Kospi, fueled by a sharp decline in SK hynix. About 10 minutes after the open, the Dow Jones was up 0.1% at 52,676.53, while the S&P 500 was down 0.4% at 7,547.53 and the Nasdaq Composite fell 0.9% at 26,039.50.
“Tensions with Iran, which are escalating, are pushing oil prices higher, and that is lifting Treasury yields, while the SK hynix sell-off is dragging down memory-linked stocks, which in turn pressures the Nasdaq and the S&P,” said Art Hogan of B. Riley Wealth Management. This week’s agenda includes earnings from major U.S. banks, testimony before Congress 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 delivered the warning in a video message 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, in an effort to dissuade U.S. regional allies from joining any joint administration scheme for the strait.
The statement came hours after President Donald Trump said the U.S. would become the “guardian” of the Strait of Hormuz and should be paid to protect it, amid the military escalation that has put the vital 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 strategic waterway. “We are taking control of the strait. They have nothing. They have nothing,” Trump said in an interview with Fox News, referring to what he described as Iran’s military weakness.
The president added that the U.S. will 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 on the phone interview.
He also issued a strong warning to Iran following the breakdown of the existing military agreement, saying U.S. strikes had damaged Iranian military equipment overnight. “Most of their equipment no longer exists. Their anti-aircraft gun, we hit it very hard last night,” he said. “Every time they send a drone, we strike them very hard.” Trump said Washington had reached an agreement with Tehran that was then broken: “We had a deal… and they broke it. They always break it. So we are going to hit them very hard and we will take the strait, and 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 vessels 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 in multiple locations with precision munitions, U.S. Central Command (CENTCOM) said. The command said it struck air defense systems, coastal radars, missile and drone capabilities, and small Iranian vessels using combat aircraft, warships, and single-use attack aerial and marine drones.
Iranian media reported missile strikes and explosions near the port cities of Sirik and Bandar Abbas — locations of military facilities near the strait — and the nearby island of Qeshm. Iran’s foreign ministry condemned the weekend U.S. strikes as “aggressive.” Reuters could not independently verify the location or date of the video footage, and no earlier version was found online before July 12.
The Houthis warn they will respond to the attack on Sanaa airport
The Iran-backed Houthi movement in Yemen said on Monday it would respond to the attack on Sanaa airport, which it blamed on Saudi Arabia, although the operation was claimed by the Yemeni government backed by Riyadh. Houthi military spokesman Yahya Saree accused Saudi Arabia of “ending the phase of de-escalation and assuming full responsibility for the consequences of its aggression.”
Saree added that “this aggression will not go unanswered or unpunished,” suggesting the group may intensify its actions amid growing regional tensions linked to the U.S.-Iran confrontation.
Yemen’s government claims attack on Sanaa airport; Houthis blame Saudi Arabia
Yemen’s internationally recognized government said on Monday it had attacked Sanaa airport after a dispute over an Iranian plane carrying a Houthi delegation, an operation the rebel group had initially attributed to Saudi Arabia. “The Houthi terrorist militias — backed by the Iranian regime — prevented national Yemeni aircraft from landing at the capital’s airport while insisting an Iranian plane should be allowed to violate Yemeni territory; consequently, the runway was targeted,” the Yemeni Defense Ministry said. Earlier, the Houthi channel Al Masirah reported that “Saudi aggression struck the runways of Sanaa International Airport.”
The Iran-backed Houthis said on Monday they would respond to the attack on Sanaa airport, which they blamed on Saudi Arabia, though the Riyadh-backed Yemeni government claimed responsibility for the operation. Houthi military spokesman Yahya Saree accused Saudi Arabia of “ending the phase of de-escalation and taking full responsibility for the consequences of its aggression,” and warned: “We affirm that this aggression will not go unanswered or unpunished.”
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Bahrain intercepted Iranian drones and missiles amid reports of attacks in southern Iran
The Bahraini military said on Monday that its air defense systems intercepted and destroyed several Iranian missiles and drones launched during the day, after the Revolutionary Guard claimed to have attacked U.S. military facilities in the Gulf, including bases on Bahraini territory. Bahrain’s Defense Forces accused Iran of continuing to target the kingdom’s civilian population.
Meanwhile, the semi-official Iranian agency ISNA reported that a U.S. strike on a target in Isfahan province in central Iran killed one person and wounded seven in the early hours of Monday, according to the provincial security deputy governor. Iran has not released an official casualty tally since large-scale strikes resumed last week, but state media reports and statements about isolated incidents suggest around 20 people have died from the renewed U.S. bombardments. At the start of the war, thousands had died, 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 its recent strikes on the kingdom, after Tehran said it had targeted U.S. military installations and infrastructure there.
“Iran continues its systematic hostile posture through its atrocious missile and drone attacks directed at civilians in the Kingdom of Bahrain,” the General Command of Bahrain’s Armed Forces said in a statement, adding that air defenses had “intercepted and destroyed several Iranian aerial 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, following an exchange of strikes between Tehran and Washington.
“Media and residents reported hearing explosions near Bandar Abbas and Qeshm Island at midday on Monday,” Mehr news agency said, adding that the blasts “seem to originate from the western 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 contacts with mediators Qatar, Pakistan and Oman to “avoid an escalation” with the United States amid the resumption of hostilities.
“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 had been attacked by Iran, as well as with Pakistan.
Iran says it will stop complying with the agreement if the U.S. does not honor its commitments
Iran announced on Monday that it would no longer honor the memorandum of understanding signed with the United States if Washington failed to meet 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 Baqaei said at a press conference in Tehran following the latest wave of hostilities between the two adversaries.
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