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 between the two 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 every and all costs necessary” to ensure the safety 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 reaffirmed its commitment to protecting vital sea lanes 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:
Iran says it launched attacks against 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 the base fuel depots and struck and destroyed a Patriot radar, as well as the fleet’s air control radar, a C-RAM early-warning radar system, and the control and monitoring center for unmanned surface vessels (USV).
“The retaliatory operation continues,” the statement added.
Asian markets show volatility after Trump’s comments on Strait of Hormuz fees
Stock markets swung between gains and losses, and oil reached its highest level in a month during early Asian trading. In a volatile session, the broader MSCI index of Asia-Pacific stocks ex-Japan rose 0.4%, led by a 2.2% gain in Korean shares.
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 soar to a four-week high
Oil prices rose 2%, reaching a four-week high amid ongoing reciprocal attacks between the United States and Iran.
Brent futures rose $1.68, or 2%, to $84.98 a barrel, while US West Texas Intermediate (WTI) crude increased $1.65, or 2.1%, to $79.79 a barrel at 00:51 GMT.
The gain followed a dramatic Monday session in which Brent surged 9.6%, marking its largest one-day increase since May 2020.
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Bahrain intercepted Iranian aerial attacks
Nabeel Alhamer, press adviser to the King of Bahrain, says 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
Alert sirens are sounding in Bahrain, and authorities are urging residents to seek shelter immediately.
The Interior Ministry ordered 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 hit by two Iranian cruise missiles in the southern channel of the Strait of Hormuz, within Omani territorial waters. The attack killed one Indian crew member and injured 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 reserves the 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 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 agreement 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) insisted on Monday that vessel passage through the Strait of Hormuz must remain free of tariffs, after US President Donald Trump said 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 agency based in London said. The IMO emphasized that any arrangement among littoral states should ensure the right of innocent and non-discriminatory passage for all ships.
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Donald Trump announced he will address the nation in prime time on Thursday, in an announcement that comes amid 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 on Friday). Thank you for your attention!” Trump posted on Monday on his social network 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 because of rising 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 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 notice said.
Iran’s foreign minister mocks Trump over proposed fee to protect ships in Hormuz
Iranian Foreign Minister Abbas Araqchi mocked US President Donald Trump’s proposal to charge fees for protecting ships transiting the Strait of Hormuz and said his country would charge a cheaper toll.
“Whoever guarantees the safe passage of commercial vessels through the Strait of Hormuz should be compensated for this service. Iran has always been and will remain the GUARDIAN of the strait 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 US reinstatement of a naval blockade on Iranian ports and Washington’s intention to impose a toll on vessels wishing to traverse the Strait of Hormuz.
By 18:20 GMT, the price of a Brent crude barrel rose 9.06% to $82.90. US West Texas Intermediate (WTI) advanced 9.05% to $77.87 per barrel.
US naval blockade of Iran to begin Tuesday
The United States will begin 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 vessels regardless of 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-led coalition 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 the Houthi rebels after the movement 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-Maliki, spokesman for the Coalition to Support the Legitimacy in Yemen, said on X.
European markets close slightly higher amid Middle East uncertainty
European stock markets closed with small gains on Monday after a session marked by the resumption of hostilities, rising oil prices, concerns about the technology sector, and uncertainty over future interest rates.
London closed up 0.01%, Paris gained 0.31%, Frankfurt 0.19%, Milan 0.37%, and Madrid 0.25%.
Guterres warns over military escalation in the Gulf after US and Iranian strikes
United Nations Secretary-General António Guterres warned on Monday about US strikes against Iran as well as Tehran’s attacks on ships in the Strait of Hormuz and on neighboring countries.
Guterres expressed his “deep concern over the serious escalation of renewed military confrontations in the Gulf region,” his spokesperson Stéphane Dujarric said.
Oil rises more than 4% as US-Iran tensions grow
Oil prices jumped strongly on Monday, with West Texas Intermediate trading at $74.53 a barrel, a gain of 4.37%, while Brent rose 4.30% to $79.28. The increase came amid growing military tensions between the United States and Iran, reviving doubts about the security of transit through the Strait of Hormuz.
The energy rally also affected equity and bond markets: the VIX volatility index rose 7.77%, while US Treasury yields climbed 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: struck an Iranian naval base in Bandar Abbas
US Central Command (CENTCOM) said its forces successfully struck a submarine and ship maintenance facility in Iran using multiple single-use strike aerial drones. According to CENTCOM, three Corsair unmanned surface vessels struck the port of the Bandar Abbas Naval Base.
The strike marked, CENTCOM said, the first time US forces have used marine drones in combat operations. The command stated that the night’s strikes “degraded Iran’s ability to continue attacking commercial maritime traffic,” amid the military escalation that has put transit through the Strait of Hormuz on edge.
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Trump says 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 said would only prevent the entry or exit of Iranian vessels or customers.
“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 argued that, “as a matter of FAIRNESS,” the country would be reimbursed at a rate of 20% on all cargo transported, to cover the 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 News that Washington would become the “guardian” of the waterway and should be compensated for safeguarding it, amid a military escalation with Iran and Tehran’s warning that it would consider any Gulf-state cooperation with the United States over the strait “an act of war.”
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The 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 jeopardizing global energy security.
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 US pressure.
The accusation followed a warning earlier 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 United States would become its “guardian” and should be compensated for custodianship.
Wall Street opens lower amid US-Iran escalation and a drop in semiconductors
US stocks mostly fell on Monday morning as markets weighed higher oil prices and a pullback in semiconductor shares, while investors eyed upcoming corporate earnings and economic data. Crude oil prices rose more than 3% amid rising US-Iran tensions, renewing concerns about oil infrastructure in the Strait of Hormuz.
US semiconductor shares fell early after a weak session in South Korea’s Kospi, led by a sharp decline in SK hynix. About 10 minutes after the open, the Dow Jones was up 0.1% at 52,676.53, 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, which is lifting Treasury yields, while the sell-off in SK hynix drags down memory-linked stocks, pressuring the Nasdaq and S&P,” said Art Hogan of B. Riley Wealth Management. This week’s agenda includes major US 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 countries.
The same spokesman said Iran “under no circumstances will allow… the United States to interfere in the management” of the strategic waterway, in an attempt to dissuade Washington’s regional allies from joining any joint administration scheme for the strait.
The statement came hours after President Trump said the US would become the “guardian” of the Strait of Hormuz and should be compensated for protecting it, amid the military escalation that has put transit through this key energy trade route at risk.
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 exchanged strikes with Iran over the 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 his country would become the “guardian” of the strait and that Washington should be paid to protect it. “We will become the guardian of the strait (…) And we should be compensated for that,” he said in the phone interview.
He also issued a stern warning to Iran after the collapse of the existing military agreement, saying US forces had struck Iranian 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 broken: “We had a deal… 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 probably we will manage it.”
The remarks come amid the dispute over control of the strait, after Iran threatened to close it and fired “warning shots” at ships attempting to transit, while Washington insists maritime traffic continues to flow normally despite the military escalation.
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Video: US releases footage of new wave of strikes against Iran
US forces completed a new wave of strikes against Iran on Sunday, hitting dozens of targets at 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 combat aircraft, warships, aerial and marine single-use strike drones.
Iranian media reported strikes and explosions around the port cities of Sirik and Bandar Abbas — where military facilities on the strait are located — and the nearby island of Qeshm. Iran’s foreign ministry condemned the weekend strikes as “aggressive.” Reuters could not independently verify the location or date of the footage, and no earlier version of the video was found online before July 12.
Houthis warn they will respond to the attack on Sanaa airport
Yemen’s Houthi rebels, backed by Iran, said on Monday they would respond to the attack on Sanaa airport, which they 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 détente phase 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 might intensify actions amid the region’s growing tensions linked to the US-Iran confrontation.
Yemeni government claims attack on Sanaa airport; Houthis blame Saudi Arabia
The internationally recognized Yemeni government said on Monday it attacked Sanaa airport following a dispute over an Iranian plane carrying a Houthi delegation, an operation the government says was necessary after the rebels prevented national Yemeni aircraft from landing and insisted on allowing an Iranian plane to violate Yemeni airspace. “The terrorist Houthi 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 attacked,” the Yemeni Defense Ministry said.
Earlier, the Houthi channel Al Masirah had 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 airport attack, attributing it to Saudi Arabia, while the Yemen government aligned with Riyadh claimed responsibility for the strike. Houthi spokesman Yahya Saree accused Saudi Arabia of “ending the détente phase and bearing 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 that its air defense systems intercepted and destroyed several Iranian missiles and drones launched during the day, after the Revolutionary Guard claimed to have struck US military installations in the Gulf, including bases on Bahraini soil. Bahrain’s Defense Forces accused Iran of continuing to target the kingdom’s civilian population.
In parallel, the semi-official Iranian news 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, according to the province’s deputy governor for security. Iran has not released an official casualty toll since the renewed large-scale strikes began last week, but state media reports and statements about isolated incidents suggest roughly 20 people have been killed by the renewed US bombardments. At the start of the war, thousands had died, mostly in Iran and Lebanon.
Bahrain’s armed forces accuse Iran of attacking civilians
On Monday, Bahrain’s armed forces accused Iran of attacking civilians in its recent strikes against the kingdom, after Tehran said it had hit US military facilities and infrastructure in Bahrain.
“Iran continues its systematic hostile conduct through its heinous missile and drone attacks directed at civilians in the Kingdom of Bahrain,” the armed forces’ general command said in a statement, adding that air defenses “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 outlets and residents reported hearing explosions on Monday at midday near Bandar Abbas and the island of Qeshm,” the Mehr news agency said, adding that the explosions “appear to originate from the western coast of Bandar Abbas.”
Iran says it continues talks with mediators to “avoid 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 renewed hostilities between the two countries.
“The role of the mediators is to continue their efforts to prevent a rise in tensions,” Foreign Ministry spokesman Esmail Baqai said, adding that Tehran had been in contact “in recent days” with Qatar and Oman — both countries that Iran has attacked militarily — as well as 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 signed with the United States if Washington did not fulfill its commitments to end the war.
“Whenever the other party has not complied with its obligations, we have not complied with ours… We will continue acting 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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