Live: Middle East war lifts oil, increases global economic uncertainty

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The United States Central Command (CENTCOM) carried out, in the early hours of Tuesday, a third consecutive wave of strikes against Iran on orders from President Donald Trump, after the president warned the country would be hit “very hard” and said: “There’s nothing they can do about it. They have nothing.” Hours later, the U.S. military command reported that the offensive targeted Iranian military capabilities linked to the Strait of Hormuz.

Shortly after the bombings, the United Arab Emirates reported that Iranian cruise missiles struck two Emirati tankers transiting the southern lane of the Strait of Hormuz, in Omani territorial waters. The attack left one crew member dead and eight people injured.

After the nighttime strikes, Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed on Tuesday morning further missile and drone strikes against the Juffair naval base in Bahrain, home to the U.S. Fifth Fleet, and said it also hit an air base in Jordan used by U.S. forces.

Following the failure of the memorandum of understanding between the United States and Iran and the resumption of hostilities last week, Trump said the strait would remain open “with or without Iran” and announced that the United States would charge a 20% fee on ships transiting the waterway to cover security costs. In response, Iran’s senior military leadership said Washington has no authority over the strait’s future, while Foreign Minister Abbas Araqchi wrote on X: “Tehran will always be the guardian of the strait.”

Below is minute-by-minute coverage:

A ship was hit by a missile off the coast of Oman

A tanker was struck by a missile off the coast of Oman amid crossfire between the United States and Iran over control of the Strait of Hormuz, the British maritime agency UKMTO said on Tuesday.

“A tanker reported being hit by a missile while exiting via the southern route. Authorities are investigating,” the agency said in a statement about the incident on Monday.

It was initially unclear whether the attack was the same one previously reported by the United Arab Emirates, which said two of its oil tankers were hit by Iranian missiles in the strait and that one crew member was killed.

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Iran introduced a bill to manage the Strait of Hormuz and warns it will defend its “red lines”

Un barco en el estrecho de Ormuz, visto desde Musandam (Omán), el 13 de julio de 2026. REUTERS/Stringer

Iran submitted a bill to Parliament to manage the Strait of Hormuz and warned it will defend its “red lines,” Ebrahim Azizi, chairman of the legislature’s National Security Commission, said.

In a post on social network X, Azizi said, “Last night, coinciding with the downing of U.S. drones, the bill ‘Strategic Action for the Security and Sustainable Progress of the Strait of Hormuz and the Persian Gulf’ was formally presented in the Iranian Parliament.”

The lawmaker said, “We remain firm in defending our red lines, particularly regarding the management of the Strait of Hormuz.” He also anticipated further measures, saying, “This is the first step; subsequent measures will follow.”

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U.S. diplomatic missions in the United Arab Emirates cancel appointments

The U.S. Embassy in Abu Dhabi and the U.S. Consulate General in Dubai have canceled consular appointments through Wednesday due to the regional security situation, the embassy said in a security alert.

The statement followed reports from the United Arab Emirates that two Emirati-flagged tankers were struck by Iranian missiles in the Strait of Hormuz, resulting in the death of a seafarer.

Jordan shot down four missiles originating from Iran

Jordan said it intercepted and shot down four missiles that entered Jordanian airspace from Iranian territory, the state news agency reported.

Iran said it launched attacks against the U.S. Fifth Fleet in Bahrain

The Islamic Revolutionary Guard Corps (IRGC) said it launched missile and drone strikes against the U.S. Fifth Fleet in Bahrain.

It reported that the attacks caused a fire in the base’s fuel depots and hit and destroyed a Patriot radar, the fleet’s air control radar, a C-RAM early-warning radar system, and the command and control center for uncrewed surface vessels (USVs).

“The retaliatory operation continues,” the statement added.

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