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 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 ships transiting that waterway.
The president set a levy of 20% “for each and every cost necessary” to ensure the safety of vessels in the strait. The United States Central Command reported that 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:
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Bahrain intercepted Iranian air attacks
Nabeel Alhamer, the press adviser to the King of Bahrain, says the kingdom’s air defense systems have 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 ordered the public to “remain calm and go to the nearest safe location” following the activation of the latest alarms.
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 struck by two Iranian cruise missiles in the southern channel of the Strait of Hormuz, in Omani territorial waters. The attack caused the death of one Indian crew member and left eight people injured, four of them seriously.
The ministry said fires broke out on both ships but were brought under control. It condemned the attack as a grave violation of international law and said the UAE reserves its full right to respond and to take all necessary measures to protect its sovereignty and security.
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Trump says Iran wanted further negotiations after the agreement
The U.S. president said that the United States had reached an agreement with Iran two days earlier, but that Tehran wanted to continue negotiating it.
When asked by a reporter whether he had concluded that a negotiated agreement with Iran was no longer possible, Trump replied: “I never reached 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 ship passage through the Strait of Hormuz must be free of charges, after U.S. President Donald Trump said the same day that the United States would charge a 20% fee for what he called protection of security.
Under international law, passage must remain free of customs duties and charges, the U.N. specialized agency based in London said. The IMO stressed that any agreement among the littoral states of the region must ensure nondiscriminatory, unobstructed right of passage for all vessels.
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Donald Trump announced he will address the nation in prime time on Thursday, a move that comes amid a major escalation of hostilities with Iran.
“President Trump will address the nation on Thursday night at 9 p.m. Eastern Time (01:00 GMT Friday). Thank you for your attention!” Trump posted on Monday on his social platform Truth.
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 to 15 due to the regional security situation. If you have an appointment scheduled for those dates, please do not go to the embassy or consulate. We will contact you to reschedule it,” the statement said.
Iran’s foreign minister mocks Trump over fee to protect ships in Hormuz
Iranian Foreign Minister Abbas Araqchi mocked President Donald Trump’s proposal to impose fees to protect 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 receive compensation for this service. Iran has always been the GUARDIAN of the strait and will remain so FOREVER. 20% 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 surge 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 ships wishing to transit the Strait of Hormuz.
By 18:20 GMT, Brent crude, the international benchmark, was up 9.06% at $82.90 a barrel. Its U.S. counterpart, West Texas Intermediate (WTI), rose 9.05% to $77.87 a barrel.
The U.S. naval blockade of Iran will begin on 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 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 places outside Iran, the statement added.
Humanitarian shipments will be allowed passage, subject to inspections, the JMIC added.
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Saudi Arabia says it responded to ballistic missile attack by Yemen’s Houthis
The Saudi-led military coalition intervening in Yemen since 2015 said on Monday that it had responded to a ballistic missile attack launched by Houthi rebels, after the Shiite movement accused Riyadh of bombing Sanaa International Airport, Yemen’s capital.
“Air defenses have responded to a ballistic missile threat launched by the terrorist Houthi militia toward the southern region,” Turki al-Malki, spokesperson for the so-called Coalition to Support Legitimacy in Yemen, said on X.
European markets close slightly higher amid Middle East uncertainty
European stock markets closed slightly higher on Monday after a session marked by the resumption of hostilities and higher oil prices, along with concerns about the technology sector and the future path of 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 U.S. and Iranian attacks
U.N. Secretary-General António Guterres warned on Monday about the U.S. attacks on Iran and Tehran’s strikes against ships in the Strait of Hormuz and neighboring countries.
Guterres expressed his “deep concern about the serious escalation of the resumption of military confrontations in the Gulf region,” his spokesperson Stéphane Dujarric said.
Oil rises more than 4% as U.S.-Iran tensions increase
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 increase came amid growing military tension between the United States and Iran, which rekindled doubts about the security of transit through the Strait of Hormuz.
The energy price surge also affected stock and bond markets: the volatility index VIX jumped 7.77%, while U.S. Treasury yields rose across the curve — the 10-year yield increased 0.63% and the 5-year yield 0.88% — reflecting investor caution about an escalation that could lead to a prolonged disruption of global energy trade.
CENTCOM confirms first use of seaborne drones in combat: attacked a naval base in Bandar Abbas
U.S. Central Command (CENTCOM) reported that its forces successfully struck a submarine and ship maintenance facility in Iran using multiple single-use attack aerial drones. According to the command, three Corsair-model uncrewed surface vessels impacted the port at the Bandar Abbas Naval Base.
The strike marked, CENTCOM said, the first time U.S. forces have employed seaborne drones in combat operations. The command added that the night’s strikes “degraded Iran’s ability to continue attacking commercial maritime traffic,” in the context of the military escalation that is keeping transit through the Strait of Hormuz on edge.
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Trump says the U.S. 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 Iranian ships or customers from entering or leaving.
“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 maintained that, “as a matter of FAIRNESS,” the country will be reimbursed at a rate of 20% on all cargo carried, for the costs necessary to provide security to “this very volatile section of the world.” “The process and training will begin immediately,” the president concluded.
The announcement deepens Trump’s rhetorical offensive regarding the strait, after he had already said in an earlier Fox interview that Washington would become the “guardian” of the waterway and should be compensated for guarding it, amid the military escalation with Iran and Tehran’s warning that it would regard any Gulf cooperation with the United States in managing the passage as “an act of war.”
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Iran’s Revolutionary Guards accuse the U.S. 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. The IRGC spokesperson 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 U.S. pressure.
The accusation followed a warning earlier by the Khatam Al-Anbiya military command, which called any cooperation by Gulf countries 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 guarding it.
Wall Street opens lower amid U.S.-Iran escalation and semiconductor drop
U.S. stocks mostly fell on Monday morning as markets weighed higher oil prices and a decline in semiconductor shares, while investors looked ahead to upcoming corporate earnings and economic data. Crude prices rose more than 3% amid rising 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, where SK hynix plunged sharply. 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% at 26,039.50.
“Tensions with Iran, which are intensifying, are pushing oil prices higher, and that is raising Treasury yields, while SK hynix’s sell-off drags down memory-linked stocks, which in turn pressures the Nasdaq and the S&P,” said Art Hogan of B. Riley Wealth Management. This week’s agenda includes the earnings of major U.S. banks, a congressional appearance by Fed chair Kevin Warsh, and the latest consumer price index data.
Iran warns Gulf states: cooperating with the U.S. 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 issued the warning in a video message directed at regional nations.
The same spokesperson said Iran “under no circumstances will allow… the United States to interfere in the management” of the strategic waterway, in a message intended to deter Washington’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 compensated for protecting it, amid the military escalation that has put transit through this key route of global energy trade on edge.
Trump says the U.S. 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 supposed 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 breakdown of the existing military agreement and revealed that the United States hit 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 breached: “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 run it.”
The remark comes amid a dispute over control of the strait, after Iran threatened to close it and fired “warning shots” at ships trying to cross, while Washington insists that maritime traffic continues to flow normally despite the military escalation.
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Video: U.S. 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 defense systems, coastal radars, missile and drone capabilities, and small Iranian vessels were targeted using combat aircraft, warships, aerial drones, and single-use 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 Qeshm Island. Iran’s foreign ministry condemned the weekend’s U.S. strikes as “aggressive.” Reuters could not independently verify the location or date of the video footage, and no earlier version was found online before July 12.
The Houthis warn they will retaliate for 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 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 accepting full responsibility for the consequences of its aggression.”
Saree also warned that “this aggression will not go unanswered or unpunished,” suggesting the rebel group could escalate its actions amid rising regional tensions linked to the U.S.-Iran conflict.
Yemen government claims an attack on Sanaa airport; Houthis blame Saudi Arabia
The internationally recognized Yemeni government said on Monday it had attacked Sanaa airport following a dispute over an Iranian plane carrying a Houthi delegation, an attack the rebel group had initially blamed on Saudi Arabia. “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,” Yemen’s Defense Ministry said. Earlier, the Houthi channel Al Masirah 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 Sanaa airport attack, which they attributed to Saudi Arabia, though the Yemeni government backed by Riyadh claimed responsibility for the operation. Houthi military spokesman Yahya Saree accused Saudi Arabia of “ending the phase of de-escalation and accepting 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 strikes in southern Iran
The Bahraini military reported on Monday that its air defense systems intercepted and destroyed several Iranian missiles and drones launched during the day, after the Islamic Revolutionary Guard Corps claimed it had struck U.S. military facilities in the Gulf, including bases on 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. strike on a target in Isfahan province in central Iran killed one person and wounded seven in the early hours of Monday, according to the province’s deputy governor for security. Iran has not released an official casualty toll since large-scale strikes resumed last week, but state media reports and statements about isolated incidents suggest around 20 people have been killed by renewed U.S. bombardments. At the start of the war, thousands of people had died, most in Iran and Lebanon.
Bahrain’s military accuses Iran of attacking civilians
On Monday, Bahrain’s armed forces accused Iran of attacking civilians in their latest strikes on the kingdom, after Tehran said it had attacked U.S. military facilities and infrastructure in the country.
“Iran continues its systematic hostile behavior through its heinous 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 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 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 escalation” with the U.S.
Iran said on Monday that it is continuing diplomatic efforts with mediators Qatar, Pakistan and Oman to “avoid an escalation” with the United States, amid the resumption of hostilities between the two countries.
“The role of the mediators is to continue their efforts to avoid 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 targeted militarily by Iran, as well as Pakistan.
Iran says it will stop complying with the agreement if the U.S. does not honor its commitments
On Monday, Iran announced that it would no longer adhere to the memorandum of understanding signed with the United States if Washington failed to meet its commitments to end the war.
“Whenever the other party has not fulfilled its obligations, we have not fulfilled ours… We will continue to act in this manner,” 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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