Live: Oil rises amid Middle East escalation and Strait of Hormuz blockade

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The United States Central Command (CENTCOM) reported in the early hours of Wednesday that it had concluded its fourth wave of strikes against Iran and announced the resumption of a naval blockade on Iranian ports and coasts — a measure that had been suspended during negotiations that produced the Islamabad Memorandum of Understanding. U.S. President Donald Trump declared that agreement terminated.

In response, Iran launched new attacks against U.S. military bases in Jordan, Bahrain and Kuwait. The Jordanian military reported that its air defense systems intercepted and shot down three Iranian ballistic missiles, while Bahrain and Kuwait announced retaliatory operations.

Prior to the latest escalation, Trump warned that he would order strikes against Iran’s strategic infrastructure if Tehran did not agree to negotiate a ceasefire. “We will take out all of their power plants. We will take out all of their bridges, unless they sit down at the table and negotiate,” he said.

The Islamic Revolutionary Guard Corps (IRGC) stated that the Strait of Hormuz — through which roughly 20% of globally traded oil and gas passes — will remain closed until U.S. military actions cease.

Below is minute-by-minute coverage:

Iran executed a man arrested during January protests

The Iranian regime executed on Wednesday a man accused of setting fire to government and police facilities during protests in January in Isfahan province, Mizan News — a media outlet linked to the judiciary — reported.

The report says Mohammad Amini Dehaghani was hanged after the Supreme Court upheld the sentence. Judicial authorities allege that on January 9 he threw Molotov cocktails at the governor’s office in Dehaghan and at the main police station, and incited others to attack officers.

Official information cites surveillance footage and the accused’s confessions. It also states that Amini Dehaghani tried to use a rifle taken from police during the protests.

Oil rises again amid Middle East military escalation

Bombas de extracción de petróleo en las afueras de Almetyevsk, en la república de Tartaristán, Rusia. 14 de julio de 2025 (REUTERS/Stringer)

U.S. benchmark crude (WTI) rose $0.86 to $80.20 per barrel, while Brent, the international benchmark, gained $1.15 to $85.88 per barrel.

On Tuesday, oil closed up 2% and hit a one-month high, driven by attacks that worsened supply concerns in the Strait of Hormuz.

“Brent and WTI have made upward corrections in line with the escalation of attacks, but the magnitude of the move will likely moderate now as the market waits to see whether the U.S. and Iran change their stances,” said June Goh, senior oil market analyst at Sparta Commodities, in a conversation with Reuters.

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U.S. killed seven military personnel in strikes in southeastern Iran

EEUU abatió a siete militares en ataques en el sudeste de Irán (Europa Press)

The Iranian military said it will respond to the attack on the Bambour barracks in Iranshahr, calling it “a cowardly aggression.” “A decisive response will be given to this crime at the appropriate time,” the statement cited by Tasnim said.

According to the military, 13 U.S. missiles struck facilities in the Bambour barracks, killing seven members of the 388th Brigade and leaving several wounded. The military said “passive defense measures” limited the number of casualties.

The statement claimed the U.S. strikes “aimed to cause the greatest possible number of casualties,” targeting a guesthouse, guard posts and accommodation areas at the base.

Death confirmed of Indian sailor who went missing after attack off Oman

An Indian national who had been missing after the attack on the merchant vessel GFS Galaxy off the coast of Oman has died, his father-in-law confirmed on Wednesday, Reuters reported. Of the 11 Indian crew members aboard, 10 were rescued, India’s Ministry of External Affairs said on Sunday.

Former Iranian foreign minister urged ground attack on U.S. base and taking hostages

Former Iranian foreign minister Manouchehr Mottaki proposed launching a ground assault on a U.S. military base in the Middle East and taking hostages to bring them to Iranian territory.

“My proposal is to launch a ground attack on one of the U.S. bases in the region, capture 100 Americans and bring them to Iran,” Mottaki, now a member of parliament, said.

Marco Rubio and Jordan’s foreign minister discussed Iranian attacks on ships in the Middle East

U.S. Secretary of State Marco Rubio said he met with Jordan’s foreign minister, Ayman Safadi, to discuss regional security issues, including “the ongoing attacks by Iran against vessels and countries in the region.”

El secretario de Estado de EE. UU., Marco Rubio, estrecha la mano del ministro de Asuntos Exteriores jordano, Ayman Safadi, en el Departamento de Estado de EE. UU., en Washington, D. C., EE. UU., el 14 de julio de 2026 (REUTERS/Ken Cedeno)

UN Security Council voted to continue monitoring Houthi attacks in the Red Sea

The UN Security Council approved a resolution extending UN monitoring of Houthi attacks in the Red Sea for six months.

The measure, backed by 13 votes in favor with China and Russia abstaining, requires the UN secretary-general to submit monthly reports to the Council on the situation.

The Yemeni Houthi rebel group began attacking vessels in the Red Sea in late 2023, saying it was targeting ships linked to Israel in response to the conflict in Gaza.

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Vessels linked to Iran left the Strait of Hormuz ahead of U.S. blockade

On Tuesday there was an increase in the number of ships transiting the Strait of Hormuz, most linked to Iranian trade, ahead of the U.S. blockade set to take effect Wednesday, according to shipping data. Kpler records indicate that nine of the eleven vessels that crossed that route that day used the Iranian side.

Among vessels entering the strait were three empty tankers: one Aframax and two larger vessels. On departures, data show a VLCC carried 2 million barrels of crude oil, while a medium tanker transported refined products and two additional ships moved liquefied petroleum gas.

The commercial flow also included a tanker loaded with methanol and a bulk carrier carrying iron ore, both departing the Gulf on Tuesday.

Jordanian military said it shot down three missiles launched by Iran

Una captura de pantalla de un video de la televisión estatal iraní muestra un misil iraní volando en un lugar desconocido (REUTERS)

The Jordanian military reported that its air defense systems intercepted and destroyed three ballistic missiles that entered Jordanian airspace from Iranian territory. In an official statement, authorities said teams from the Royal Engineering Corps collected the missile debris from various locations, followed technical and safety protocols, and secured affected areas to protect people and property.

“The Jordanian Armed Forces reject any violation of the Kingdom’s sovereignty or the use of its airspace to threaten its security and stability,” the military said, adding that it maintains aerial surveillance at the highest level of readiness.

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Iran’s Revolutionary Guard attacked Gulf countries after the CENTCOM operation

The Iranian military announced in the early hours of Wednesday that it carried out new drone strikes against U.S. military installations in the Middle East amid the latest escalation between Tehran and Washington. In a statement released by Tasnim, an agency linked to the IRGC, the Al Azraq airbase in Jordan — where F-18 fighters, accommodations and U.S. equipment storage were located — was attacked with drones.

The military defended the operation, named “Lightning,” and declared that “the era of slaps in the face is over and that any action against the land, waters and skies of this historic country will not go unanswered or without a proportional cost.”

The IRGC also reported naval and aerospace attacks against a U.S. depot at the Sheij Isa base in Bahrain and against U.S. drones at the Ali al Salem base in Kuwait. According to the statement, “in a simultaneous missile and drone operation, naval and aerospace forces of the IRGC destroyed several depots of weapons and spare parts for enemy ships and aircraft at the Sheij Isa base in Bahrain a few hours ago.”

The military bulletin added that “they also struck the ramp where enemy MQ-9 drones were deployed at Ali al Salem base in Kuwait, destroying or damaging several of them.”

Iran: the Strait of Hormuz will remain closed until “U.S. harms end”

Un barco en el estrecho de Ormuz (REUTERS/Stringer)

The Islamic Revolutionary Guard announced the strategic waterway will remain closed until U.S. actions cease, according to a statement released Tuesday. The military said the U.S. attacked Iranian bases “under the pretext of striking offending vessels” attempting to transit the strait, “to hide its defeat and incapacity.”

In the statement, the IRGC emphasized that “no ship dared to violate [the Iranian blockade] or to accompany the United States,” and added that, as a result, “there were naturally no impacts” during the operation.

White House: “Divisions in Iran show success of Trump’s policy”

White House deputy chief of staff Stephen Miller said internal divisions among Iran’s leaders reflect the success of President Donald Trump’s policy toward Tehran. Miller made the remarks in an interview with Fox News.

According to the U.S. official, Iran’s leadership now faces “huge fissures the size of cannons” after decades of unity. Miller insisted that the United States is urging Iran to support a peace program and abandon its nuclear ambitions.

Pezeshkian vowed to defend “every inch” of Iran amid renewed escalation with the U.S.

El presidente iraní, Masoud Pezeshkian (REUTERS)

Iranian President Masoud Pezeshkian said his country will defend “every inch” of its territory amid rising tensions with the United States, after U.S. President Donald Trump said most of Iran’s military capabilities had been eliminated. “We will defend every inch of our homeland with our actions,” Pezeshkian told state television.

The president’s remarks came in the context of growing hostilities, after the United States carried out strikes in southern Iran following Iranian attacks on commercial vessels in the Strait of Hormuz. In turn, Iran launched missiles and drones at U.S. targets in the region.

“His rhetoric continues, but the question is: have they achieved their objectives on the battlefield?” Pezeshkian challenged, referring to Trump’s statements and U.S. military actions.

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