The United States launched a third round of strikes against Iran and announced the reimposition of a naval blockade on Iranian ports, amid the collapse of the memorandum of understanding (MoU) signed by both sides after clashes 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 said the United States would reimpose its blockade on Iranian ports and begin charging fees to ships transiting that waterway.
The president set a levy of 20% “for each and every cost necessary” to ensure the security of vessels in the strait. The United States Central Command said preparations to resume the blockade of ships 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 reiterated 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.”
Below is minute-by-minute coverage:
US diplomatic missions in the United Arab Emirates cancel appointments
The US Embassy in Abu Dhabi and the US Consulate General in Dubai have canceled consular appointments through Wednesday due to the regional security situation, the embassy said in a security alert.
The notice came after the United Arab Emirates reported that two tankers flying the UAE flag were struck by Iranian missiles in the Strait of Hormuz, causing the death of one seafarer.
Jordan shot down four missiles from Iran
Jordan says it intercepted and shot down four missiles that entered Jordanian airspace from Iranian territory, the state news agency reported.
Iran said it attacked the US Fifth Fleet in Bahrain
The Islamic Revolutionary Guard Corps (IRGC) said it launched missile and drone strikes against the US Fifth Fleet in Bahrain.
According to the IRGC, the attacks caused a fire in fuel storage at the base and struck and destroyed a Patriot radar, the fleet’s air control radar, a C-RAM early-warning radar system, and the command and monitoring center for unmanned surface vessels (USVs).
“The retaliatory operation continues,” the statement added.
Asian markets show volatility after Trump’s comments about Strait of Hormuz fees
Stock markets swung between gains and losses, and oil hit a one-month high during early Asian trading. In a volatile session, the broader MSCI index of Asia-Pacific shares excluding Japan rose 0.4%, helped by a 2.2% gain in Korean stocks.
Japan’s Nikkei 225 rose 0.2%, while S&P 500 e-mini futures fell slightly by 0.1%.
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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 take shelter immediately.
Oil prices surge to a four-week high
Oil prices rose about 2%, reaching a four-week high amid ongoing reciprocal strikes between the United States and Iran.
Brent futures climbed $1.68, or 2%, to $84.98 a barrel, while US West Texas Intermediate (WTI) crude rose $1.65, or 2.1%, to $79.79 a barrel at 00:51 GMT.
The increase followed a dramatic Monday session in which Brent jumped 9.6%, its largest one-day rise since May 2020.
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Bahrain intercepted Iranian air attacks
Nabeel Alhamer, press adviser to the king of Bahrain, said the kingdom’s air defense systems intercepted and destroyed multiple Iranian air attacks in recent hours.
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Air-raid sirens activated in Bahrain
Warning sirens are sounding in Bahrain and authorities are urging residents to seek shelter immediately.
The Interior Ministry ordered the public to “stay calm and proceed to the nearest safe location” after the latest alarms were activated.
Two tankers attacked by Iran: one Indian seafarer killed
The United Arab Emirates Ministry of Defense said on Monday that two domestic tankers were hit 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, 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 its 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 deal
The US 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 passage through the Strait of Hormuz should be free of tariffs, after President Donald Trump said the same day 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 UN specialized agency based in London said. The IMO emphasized that any arrangement among the region’s littoral states must guarantee non-discriminatory, unobstructed right of passage for all vessels.
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Donald Trump announced he will address the nation in prime time on Thursday, amid a major escalation of hostilities with Iran.
“President Trump will speak to the nation Thursday night at 9 p.m. Eastern (01:00 GMT Friday). Thank you for your attention!” Trump posted on Monday on his social platform Truth.
US 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, citing the escalation of military tensions in the Gulf region.
“The US Embassy in Abu Dhabi and the US 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 come to the embassy or consulate. We will contact you to reschedule it,” the notice said.
Iran’s foreign minister mocks Trump over plan to charge ships for protection in Hormuz
Iranian foreign minister Abbas Araqchi ridiculed President Donald Trump’s proposal to charge fees to protect ships transiting the Strait of Hormuz and said his country would charge a lower toll.
“Whoever guarantees 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 Trump proposed earlier.
Oil prices jump more than 9%
Oil prices surged Monday, driven by the US reinstatement of a naval blockade on Iranian ports and Washington’s plan to impose a toll on ships seeking to transit the Strait of Hormuz.
By 18:20 GMT, the price of a Brent barrel rose 9.06% to $82.90. The US West Texas Intermediate (WTI) barrel advanced 9.05% to $77.87.
The US naval blockade of Iran will start Tuesday
The United States will start enforcing a naval blockade against all Iranian ports and oil terminals on Tuesday, the Joint Maritime Information Center (JMIC) of the US-led Combined Maritime Forces said in a statement on Monday.
According to the JMIC, the blockade will apply to all ships regardless of their flag. The blockade will not prevent neutral traffic transiting the Strait of Hormuz to or from destinations outside Iran, the statement added.
Humanitarian shipments will be allowed to pass, 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 group 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-Malki, spokesman for the Coalition to Support Legitimacy in Yemen, said on X.
European stocks close slightly higher amid Middle East uncertainty
European stocks closed slightly higher on Monday after a session marked by the resumption of hostilities and rising oil prices, alongside concerns about the tech sector and the outlook for interest rates.
London ended marginally up 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 US and Iranian strikes
UN Secretary-General António Guterres warned on Monday about the US strikes on Iran and Tehran’s attacks 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 spokesman Stéphane Dujarric said.
Oil rises more than 4% as US-Iran tensions grow
Oil prices climbed sharply 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 came amid rising military tensions between the United States and Iran, which revived doubts about the security of transit through the Strait of Hormuz.
The energy price jump also affected stock and bond markets: the VIX volatility index jumped 7.77%, while US Treasury yields rose across the curve—the 10-year up 0.63% and the 5-year up 0.88%—reflecting investor caution about a potential prolonged disruption to global energy trade.
CENTCOM confirms first combat use of marine drones: attacked Iranian naval base in Bandar Abbas
The US 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 Corsair-model unmanned surface vessels struck the port at Bandar Abbas Naval Base.
CENTCOM said the attack marked the first time US forces employed marine drones in combat operations. The command stated the night strikes “degraded Iran’s ability to continue attacking commercial shipping,” amid the military escalation that has put Strait of Hormuz transit at risk.
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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,” which, he explained, will only prevent entry or exit by Iranian ships or customers.
“All other countries will have fair and open use of the strait,” the president wrote on Truth Social.
Trump said that moving forward, the United States would 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 cargo transported to cover the costs needed to provide security for “this very volatile section of the world.” “The process and training will begin immediately,” the president concluded.
The announcement intensified Trump’s rhetoric on the strait, after he had earlier told Fox in an interview that Washington would become the “guardian” of the waterway and be compensated for doing so, amid the military escalation with Iran and Tehran’s warning that it would consider any Gulf states’ cooperation with the United States in managing the strait “an act of war.”
Full story at the link.
Iran’s Revolutionary Guards accuse the US of endangering global oil supplies by “interfering” in Hormuz
Iran’s Islamic Revolutionary Guard Corps accused the United States on Monday of endangering global oil and gas supplies by “interfering” in the Strait of Hormuz after hostilities between the two countries resumed. IRGC spokesman Hosein Mohebi said the United States “must be held accountable” for risking the security of global energy supplies.
In a post on X, Mohebi added that Tehran “will continue exercising its sovereignty and management of the Strait of Hormuz,” signaling that Iran is not willing to cede operational control of the waterway despite US pressure.
The accusation followed a warning from the Khatam Al-Anbiya military command, which called any cooperation by Gulf states with Washington in managing the strait “an act of war,” after President Trump said the United States would become its “guardian” and should be compensated for the role.
Wall Street opens lower amid US-Iran escalation and a drop in semiconductors
US stocks mostly fell Monday morning as markets weighed higher oil prices and a retreat in semiconductor shares, while investors awaited upcoming corporate earnings and economic data. Crude prices rose more than 3% amid mounting tensions between the United States and Iran, which revived concerns about oil infrastructure in the Strait of Hormuz.
Semiconductor stocks fell early after a poor session on South Korea’s Kospi, where SK hynix plunged. About 10 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 up oil prices, and that is raising Treasury yields, while the SK hynix selloff drags 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 large US bank earnings, testimony before Congress 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”
Iran’s military warned on Monday that any cooperation by Gulf states with the United States in managing the Strait of Hormuz would be considered “an act of war,” after hostilities between Tehran and Washington resumed. A spokesperson for the Khatam Al-Anbiya military command delivered the warning in a video message addressed 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, aiming to deter Washington’s regional allies from joining any joint administration of 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 compensated for protecting it, amid the military escalation threatening transit through this key energy trade route.
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 crucial 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 vulnerability.
The president added that the US would become the “guardian” of the strait and that Washington should be paid for protecting it. “We will become the guardian of the strait (…) And we should be compensated for that,” he said.
He also issued a sharp warning to Iran after the breakdown of the existing military agreement, saying US forces had struck Iranian military equipment overnight. “Most of their equipment is gone. 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 the US had reached an agreement with Tehran that was later broken: “We had a deal… and they broke it. They always break it. So we’re going to hit them very hard and we’re going to keep the strait, and we’ll probably manage 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
US forces completed a new wave of strikes against Iran on Sunday, hitting dozens of targets in multiple locations with precision munitions, the US Central Command (CENTCOM) said. CENTCOM said it struck air defense systems, coastal radars, missile and drone capabilities, and small Iranian vessels using fighter jets, warships, and single-use aerial and maritime attack drones.
Iranian media reported 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 weekend US strikes as “aggressive.” Reuters could not independently verify the location or date of the video, and no earlier version was found online before July 12.
The Houthis warn they will respond to the strike on Sanaa airport
The Iran-backed Houthis in Yemen said on Monday they would respond to the attack on Sanaa airport, which they attributed to Saudi Arabia, though the operation was claimed by the Yemeni government backed by Riyadh. Houthi military spokesman Yahya Saree accused Saudi Arabia of “ending the de-escalation phase and assuming full responsibility for the consequences of its aggression.”
Saree also warned that “this aggression will not go unanswered or unpunished,” signaling that the rebel group could intensify its actions amid growing regional tensions linked to the US-Iran confrontation.
Yemeni government claims attack on Sanaa airport; Houthis blame Saudi Arabia
The internationally recognized government of Yemen said on Monday it struck Sanaa airport after a dispute involving an Iranian plane carrying a Houthi delegation—an attack that the rebel group 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 that an Iranian plane violate Yemeni airspace; consequently, the airport runway was attacked,” Yemen’s defense ministry said. Earlier, the Houthi channel Al Masirah reported that “the Saudi aggression targeted the runways of Sanaa International Airport.”
The Houthis, backed by Iran, said on Monday they will respond to the attack on Sanaa airport, which they blamed on Saudi Arabia, while the Riyadh-backed Yemeni government claimed responsibility. Houthi spokesman Yahya Saree accused Saudi Arabia of “ending the de-escalation phase and assuming full responsibility for the consequences of its aggression,” and warned: “We affirm that this aggression will not remain 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 its air defense systems intercepted and destroyed several Iranian missiles and drones launched during the day, after the IRGC claimed to have struck US 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.
Separately, semi-official Iranian agency ISNA reported that a US strike on a target in Isfahan province in central Iran left one person dead and seven wounded in the early hours of Monday, the province’s deputy governor for security said. Iran has not released an official casualty count since large-scale strikes resumed last week, but state media reports and statements about isolated incidents suggest roughly 20 people have died from renewed US 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 targeting civilians in its recent attacks on the kingdom, after Tehran said it had struck US military facilities 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 Bahrain armed forces command said in a statement, adding that its air defenses “intercepted and destroyed several Iranian air attacks” 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, an agency reported following an exchange of strikes between Tehran and Washington.
“Media and residents reported hearing explosions on Monday around midday near Bandar Abbas and the island of Qeshm,” Mehr news agency said, adding that the blasts “appear to originate from the west coast of Bandar Abbas.”
Iran says it continues talks with mediators to “avoid escalation” with the US
On Monday Iran said it is continuing diplomatic efforts with mediators Qatar, Pakistan and Oman to “avoid an escalation” with the United States amid 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 Baqai said, adding that Tehran had been in contact “in recent days” with Qatar and Oman—two countries Iran has attacked militarily—as well as with Pakistan.
Iran says it will stop complying with the agreement if the US does not honor its commitments
Iran announced on Monday that it would no longer honor the memorandum of understanding with the United States if Washington did not fulfill its commitments to end the war.
“Whenever the other side has not fulfilled its obligations, we have not fulfilled ours… We will continue to act in this way,” foreign ministry spokesman Esmaeil Baqaei said at a press conference in Tehran after the latest wave of hostilities between the adversaries.
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