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 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 its blockade on Iranian ports and begin charging fees to vessels transiting that waterway.
The president set a levy of 20% “for each and every cost necessary” to ensure the security of ships in the strait. The United States Central Command said preparations to resume the blockade of vessels bound 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 passage through the Strait of Hormuz “must remain free of tolls and charges, in accordance with international law.”
Below is live, minute-by-minute coverage:
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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 seek shelter immediately.
Oil prices surge to their highest level in four weeks
Oil prices rose 2%, reaching their highest level in four weeks amid ongoing reciprocal strikes between the United States and Iran.
Brent crude futures climbed $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 session in which Brent jumped 9.6%, recording its largest one-day gain since May 2020.
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Bahrain intercepted Iranian air attacks
Nabeel Alhamer, the press adviser to Bahrain’s king, said the kingdom’s air defenses intercepted and destroyed multiple Iranian air attacks in recent hours.
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Air-raid sirens activated in Bahrain
Alert sirens are sounding in Bahrain, and authorities are urging residents to seek shelter immediately.
The Interior Ministry instructed the public to “remain calm and go to the nearest safe place” after the latest alarms were activated.
Two tankers attacked by Iran: one crew member from India 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 left eight people injured, 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 reserves its full right to respond and take all necessary measures to protect its sovereignty and security.
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Trump says Iran wanted further negotiations after the deal
The U.S. president said the United States had reached an agreement with Iran two days earlier, but that Tehran wanted to continue negotiating.
When asked by a reporter whether he had decided that a negotiated deal with Iran was no longer possible, Trump replied: “I never came to 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 the transit of vessels through the Strait of Hormuz must be free of charges, after U.S. President Donald Trump said that the United States would impose a 20% fee for what he called protection services.
Under international law, passage must remain free of customs duties and charges, the U.N. specialized agency based in London said. The IMO emphasized that any agreement between the littoral states of the region must guarantee non-discriminatory, unobstructed right of passage for all ships.
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Donald Trump announced he will address the nation in prime time on Thursday, in a move that comes amid a major escalation of hostilities with Iran.
“President Trump will address the nation Thursday night at 9 p.m. Eastern (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 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 through July 15 due to the regional security situation. If you have an appointment scheduled for those dates, please do not come to the embassy or consulate. We will contact you to reschedule,” the statement said.
Iran’s foreign minister mocks Trump over proposed 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 transiting the Strait of Hormuz, saying his country would charge a lower toll.
“Whoever ensures the safe passage of commercial vessels 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 earlier proposed by Trump.
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 impose a toll on vessels transiting the Strait of Hormuz.
By 18:20 GMT, the price of a North Sea Brent barrel, the international benchmark, was up 9.06% at $82.90. Its U.S. equivalent, West Texas Intermediate (WTI), rose 9.05% to $77.87 a barrel.
U.S. naval blockade of Iran to begin Tuesday
The United States will begin imposing a naval blockade on 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 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 permitted subject to inspections, the JMIC said.
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Saudi Arabia says it responded to Houthi ballistic missile attack from Yemen
The Saudi-led military coalition intervening in Yemen since 2015 said on Monday it had responded to a ballistic missile attack launched by Houthi rebels, after the movement accused Riyadh of bombing Sanaa International Airport, the Yemeni capital’s airport.
“Air defenses have responded to a ballistic missile threat launched by the terrorist Houthi militia toward the southern region,” Coalition spokesman Turki al-Malki said on X. The coalition supports Yemen’s internationally recognized government.
European markets end with slight gains amid Middle East uncertainty
European stock markets closed with modest gains on Monday after a day marked by the resumption of hostilities and rising oil prices, along with concerns about the tech sector and the outlook for interest rates.
London closed up a marginal 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 US and Iranian attacks
U.N. Secretary-General António Guterres warned on Monday about the United States’ attacks on Iran, as well as Tehran’s strikes on vessels 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 spokesman Stéphane Dujarric said.
Oil rises more than 4% as tensions between the US 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 gains occurred amid growing military tensions between the United States and Iran, which renewed doubts over the safety of transit through the Strait of Hormuz.
The energy price surge also affected equity and bond markets: the volatility index VIX jumped 7.77%, and U.S. Treasury yields rose across the curve — the 10-year yield increased 0.63% and the 5-year 0.88% — reflecting investor caution over a potential prolonged disruption to global energy trade.
CENTCOM confirms first combat use of maritime drones: struck an Iranian naval base in Bandar Abbas
U.S. Central Command (CENTCOM) said its forces successfully struck, using multiple one-way aerial attack drones, a submarine and ship maintenance facility in Iran. According to the command, three uncrewed 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 added that the overnight strikes “degraded Iran’s capability to continue attacking commercial maritime traffic,” part of the military escalation that has put transit through the Strait of Hormuz on edge.
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Trump says the US will charge a 20% fee to protect ships in the Strait of Hormuz
President Donald Trump announced that 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 will only prevent the entry or exit of Iranian ships or customers.
“Everyone else will have fair and open use of the strait,” the president wrote on Truth Social.
Trump said that going forward the United States will be known as “THE GUARDIAN OF THE STRAIT OF HORMUZ,” and argued that, “as a matter of FAIRNESS,” the country will be reimbursed at a 20% rate on all cargo transported, to cover costs necessary to provide security for “this very volatile section of the world.” “The process and training will begin immediately,” the president concluded.
The announcement deepens Trump’s rhetorical offensive over the strait, after he had earlier told Fox in an interview 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 “an act of war” any Gulf cooperation with the United States in managing the passage.
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Iran’s Revolutionary Guards accuse the US of endangering global oil supplies by ‘interfering’ in Hormuz
Iran’s Revolutionary Guards 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. Revolutionary Guards spokesman Hosein Mohebi said the United States “must be held accountable” for putting global energy supply 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 waterway despite U.S. pressure.
The accusation followed an earlier warning from the Khatam al-Anbiya military command, which labeled any Gulf cooperation with Washington in managing the strait “an act of war,” after President Donald Trump said the United States would become its “guardian” and should be compensated for protecting it.
Wall Street opens lower as US-Iran escalation and semiconductor decline weigh
U.S. stocks mostly fell on Monday morning as markets digested 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 stocks fell early following a poor session on South Korea’s Kospi, driven by a sharp drop in SK hynix. About ten 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 was down 0.9% at 26,039.50.
“Tensions with Iran, which are intensifying, are pushing oil prices higher, and that is lifting Treasury yields, while the sell-off in SK hynix is dragging down memory-related stocks, 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 US 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 spokesman for the Khatam al-Anbiya military command delivered the warning in a video message to regional nations.
The same spokesman 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 his country would become the “guardian” of the Strait of Hormuz and should be paid to protect it, amid a military escalation that has put passage through this key energy trade route in doubt.
Trump says the US 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 of strikes with Iran in the key waterway. “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 alleged military vulnerabilities.
The president added that the country 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 telephone interview.
He also issued a stark warning to Iran after the breakdown of the existing military agreement and revealed that the United States had struck 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 hit them very hard.” Trump said 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 we are going to keep the strait, and we will probably administer it.”
The remarks come amid the 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: US releases footage of the 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) said. According to the command, air defenses, coastal radars, missile and drone capabilities, and small Iranian vessels were struck using fighter jets, warships, aerial drones and one-way maritime attack drones.
Iranian media reported missile strikes and explosions around the port cities of Sirik and Bandar Abbas — where military facilities near the strait are located — and the nearby island of Qeshm. Iran’s foreign ministry condemned the U.S. weekend strikes as “aggressive.” Reuters could not independently verify the location or date of the video footage, and no earlier version of the video was found online before July 12.
The Houthis say they will respond to the strike on Sanaa airport
The Iran-backed Houthis in Yemen said on Monday they will respond to the strike on Sanaa airport, which they attributed to 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 also warned that “this aggression will not go unanswered or unpunished,” signaling the group could intensify its actions amid growing regional tensions linked to the conflict between the United States and Iran.
Yemeni government claims attack on Sanaa airport; Houthis blame Saudi Arabia
The internationally recognized Yemeni 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 blamed on Saudi Arabia. “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; consequently, the airport runway was struck,” Yemen’s Defense Ministry said.
Houthi channel Al Masirah had earlier reported that “the Saudi aggression attacked the takeoff and landing runways of Sanaa International Airport.”
The Houthis, backed by Iran, said on Monday they would respond to the strike on Sanaa airport, which they attributed to Saudi Arabia, although the Riyadh-backed Yemeni government claimed responsibility. 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,” 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
Bahrain’s military said on Monday that its air defenses intercepted and destroyed several Iranian missiles and drones launched during the day, after the Revolutionary Guards claimed to have attacked U.S. military facilities in the Gulf, including bases in Bahraini territory. Bahrain’s Defense Forces accused Iran of continuing to target the kingdom’s civilian population.
Meanwhile, the semi-official Iranian news agency ISNA reported that a U.S. attack on a target in Isfahan province in central Iran left one person dead and seven wounded in the early hours of Monday, according to the province’s deputy governor for security. Iran has not released an official casualty count since the renewed large-scale strikes began last week, but state media reports and statements about isolated incidents suggest roughly 20 people have died in recent 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 latest strikes against the kingdom, after Tehran said it had targeted U.S. military facilities and infrastructure in Bahrain.
“Iran continues its pattern of hostile actions 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 “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 in southern Iran on Monday near the Strait of Hormuz, an agency reported, following an exchange of strikes between Tehran and Washington.
“Media outlets and residents reported hearing explosions on Monday at midday near Bandar Abbas and Qeshm Island,” the Mehr news agency said, adding that the blasts “appear to have come from the west coast of Bandar Abbas.”
Iran says it continues talks with mediators to “avoid an escalation” with the US
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 renewed hostilities between the two countries.
“The role of the mediators is to continue their efforts to prevent an escalation of tensions,” Foreign Ministry spokesman Esmail Baqaei said, adding that Tehran had been in contact “in recent days” with Qatar and Oman, two countries that have been attacked militarily by Iran, and with Pakistan.
Iran says it will stop complying with the agreement if the US 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 met its obligations, we have not met ours either… We will continue to act in this manner,” Foreign Ministry spokesman Esmaeil Baqaee said at a press conference in Tehran following the latest wave of hostilities between the adversaries.
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