The United States launched a third round of strikes against Iran and announced the reimposition of a naval blockade on Iranian ports, amid the breakdown of the memorandum of understanding (MoU) signed by both sides after clashes resumed last week.
Hours before his remarks 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 20% levy “for each and every cost necessary” to ensure the safety of vessels in the strait. The United States Central Command said preparations to resume blocking ships destined 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 routes and said that passage through the Strait of Hormuz “must remain free of tolls and charges, in accordance with international law.”
Below, minute-by-minute coverage:
Air-raid sirens sound again in Bahrain
Air-raid sirens sounded for a third time on Tuesday morning in Bahrain, where the Interior Ministry urged residents to seek shelter immediately.
Oil prices surge to their highest level in four weeks
Oil prices rose about 2%, reaching their highest level in four weeks amid ongoing reciprocal strikes between the United States and Iran.
Brent crude futures gained $1.68, or 2%, to $84.98 per barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.65, or 2.1%, to $79.79 per barrel at 00:51 GMT.
This increase followed a dramatic Monday session in which Brent jumped 9.6%, its largest single-day gain since May 2020.
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Bahrain intercepted Iranian air attacks
Nabeel Alhamer, press advisor to the king of Bahrain, said the kingdom’s air defenses 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 instructed the public to “remain calm and go 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 struck 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 others, four seriously.
The ministry said fires broke out on both ships but were brought under control. It condemned the attack as a serious violation of international law and stated that the UAE reserves the 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 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.
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 vessel transit through the Strait of Hormuz must remain free of tolls, after 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 maritime agency, based in London, said. The IMO emphasized that any agreement among littoral states should guarantee non-discriminatory and unimpeded right of passage for all ships.
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Donald Trump announced he will address the nation in prime time on Thursday, a move 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 Friday). Thank you for your attention!” Trump posted on his social network Truth on Monday.
U.S. missions in the UAE suspend consular appointments
The United States announced a suspension of consular appointments in the United Arab Emirates for three days starting Monday because of 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,” the notice 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 Iran would charge a lower toll.
“Whoever guarantees the safe passage of commercial vessels through the Strait of Hormuz should be compensated 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 proposed earlier by Trump.
Oil prices surge more than 9%
Oil prices jumped 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 crossing the Strait of Hormuz.
By 18:20 GMT, Brent crude — the international benchmark — was up 9.06% to $82.90 a barrel. U.S. WTI rose 9.05% to $77.87 a barrel.
U.S. naval blockade of Iran to begin Tuesday
The United States will begin enforcing a naval blockade on 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 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 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 Houthi rebels, after the group accused Riyadh of striking Sanaa International Airport.
“Air defenses have responded to a ballistic missile threat launched by the terrorist Houthi militia toward the southern region,” said Turki al-Maliki, spokesman for the so-called Coalition to Support the Legitimacy in Yemen, on X.
European stock markets end with slight gains amid Middle East uncertainty
European stock markets closed with modest gains on Monday after a session marked by renewed hostilities and rising oil prices, alongside concerns about the technology sector and the outlook for interest rates.
London closed marginally 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 strikes
U.N. Secretary-General António Guterres warned on Monday about U.S. strikes against Iran and Tehran’s attacks on ships in the Strait of Hormuz and neighboring states.
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 intensify
Oil prices climbed strongly on Monday, with U.S. WTI trading at $74.53 a barrel, up 4.37%, while Brent rose 4.30% to $79.28. The gains came amid mounting military tensions between the United States and Iran, which revived worries about the security of transit through the Strait of Hormuz.
The energy price surge affected stock and bond markets: the VIX volatility index jumped 7.77%, while U.S. Treasury yields rose across the curve — the 10-year moved up 0.63% and the 5-year 0.88% — reflecting investor caution about an escalation that could disrupt global energy trade.
CENTCOM confirms first combat use of maritime drones: attack on naval base in Bandar Abbas
U.S. 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 operation marked the first time U.S. forces used maritime drones in combat. The command added that the night 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 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 “IRAN BLOCKADE,” a measure he said would block only the entry or exit of Iranian vessels or customers.
“All other countries will have fair and open use of the strait,” the president wrote in a post on Truth Social.
Trump said the United States will 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 costs necessary to provide security for “this very volatile part of the world.” “The process and training will begin immediately,” he added.
The announcement intensifies Trump’s rhetorical campaign around the strait, after earlier saying in an interview with Fox that Washington would become the “guardian” of the waterway and should be compensated for that role, amid the military escalation with Iran and Tehran’s warning that any Gulf cooperation with the United States on the strait would be considered “an act of war.”
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Iran’s Revolutionary Guards accuse 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 resumed between the two countries. IRGC spokeswoman Hosein Mohebi said the U.S. “must be held accountable” for putting the security of global energy supplies at risk.
On X, Mohebi added that Tehran “will continue to exercise its sovereignty and management of the Strait of Hormuz,” signaling that Iran is not willing to cede operational control over the waterway despite U.S. pressure.
The claim followed a warning earlier from the Khatam al-Anbiya military command, which labeled any Gulf cooperation with Washington over the strait “an act of war,” after President Trump said the U.S. would become its “guardian” and should be paid for protecting it.
Wall Street opens lower amid U.S.-Iran escalation and semiconductor slump
U.S. equities fell broadly on Monday morning as markets weighed higher oil prices and a pullback in semiconductor stocks, while investors looked ahead to upcoming corporate earnings and economic data. Crude prices rose more than 3% on growing tensions that raised concerns about infrastructure in the Strait of Hormuz.
U.S. semiconductor shares fell early following a weak session on South Korea’s Kospi, led by a sharp drop in SK hynix. About ten minutes after the open, the Dow Jones was up 0.1% at 52,676.53, 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 oil prices higher, lifting Treasury yields, while the SK hynix sell-off drags memory-linked stocks down, weighing on the Nasdaq and the S&P,” said Art Hogan of B. Riley Wealth Management. This week’s calendar includes major U.S. 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 U.S. on 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 made the warning in a video message to regional nations.
The spokesman also 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 plan for the strait.
The statement came hours after President Trump said the United States would become the “guardian” of the Strait of Hormuz and should be compensated for protecting it, amid the military escalation that has put this critical energy shipping route at risk.
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 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 told Fox News, referring to what he described as Iran’s military vulnerability.
The president added that the United States would become the “guardian” of the strait and should be paid for its protection. “We will become the guardian of the strait (…) And we should be compensated for that,” he said in the interview.
He also issued a strong warning to Iran after the breakdown of the existing military arrangement and said U.S. forces had struck Iranian military equipment during the night. “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 claimed Washington had reached an agreement with Tehran that was subsequently violated: “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 hold the strait, and 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: U.S. releases footage of new wave of strikes against Iran
U.S. forces completed a new wave of strikes against Iran on Sunday, hitting dozens of targets in multiple locations with precision munitions, U.S. Central Command (CENTCOM) said. CENTCOM said strikes targeted air defense systems, coastal radars, missile and drone capabilities, and small Iranian vessels, using combat aircraft, warships, and single-use aerial and maritime attack drones.
Iranian media reported missile strikes and explosions around the port cities of Sirik and Bandar Abbas — home to military facilities near the strait — 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 video footage, and no earlier version was found online before July 12.
Houthis warn they will retaliate for attack on Sanaa airport
The Iran-backed Houthi rebels in Yemen said on Monday they would retaliate for an attack on Sanaa airport, which they blamed on Saudi Arabia, although the operation was claimed by the internationally recognized 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,” suggesting the group could escalate operations amid growing regional tensions linked to the U.S.-Iran conflict.
Yemeni government claims attack on Sanaa airport; Houthis blame Saudi Arabia
The internationally recognized government of Yemen said on Monday it had struck Sanaa airport after a dispute over an Iranian plane carrying a Houthi delegation, an attack the rebel group initially attributed to 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 airspace; consequently, the airport runway was struck,” Yemen’s Defense Ministry said.
Houthi-backed Al Masirah channel earlier reported that “the Saudi aggression attacked the takeoff and landing runways of Sanaa International Airport.” The Houthis said they would respond to the airport attack, which they attributed to Saudi Arabia, while the Riyadh-backed Yemeni government said it conducted the strike.
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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 defenses intercepted and destroyed several Iranian missiles and drones launched during the day, following the Islamic Revolutionary Guard Corps’ claim of strikes on U.S. 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, the semi-official Iranian agency ISNA reported that a U.S. strike on a target in Isfahan province in central Iran killed one person and injured seven in the early hours of Monday, according to the province’s deputy security governor. Iran has not released an official casualty toll since large-scale strikes resumed last week, but state media reports and statements about individual incidents suggest about 20 people have been killed in renewed U.S. bombardments. At the start of the wider conflict, thousands had died, 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 recent strikes against the kingdom after Tehran said it had struck U.S. military installations and infrastructure in Bahraini territory.
“Iran continues its systematic hostile behavior through its atrocious missile and drone attacks directed at civilians in the Kingdom of Bahrain,” the Bahrain 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, an agency reported, after an exchange of strikes between Tehran and Washington.
“Media and residents reported hearing explosions near Bandar Abbas and Qeshm Island at midday on Monday,” the Mehr news agency said, adding that the blasts “appear to 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 it is continuing diplomatic contacts with mediators Qatar, Pakistan and Oman to “avoid an escalation” with the United States as hostilities between the two countries resume.
“The role of mediators is to continue their efforts to prevent a further escalation of tensions,” Foreign Ministry spokesperson Esmail Baqai said, adding that Tehran had been in contact “in recent days” with Qatar and Oman — both of which have been attacked militarily by Iran — as well as Pakistan.
Iran says it will stop honoring the agreement if the U.S. does not meet 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 fulfilled its obligations, we have not fulfilled ours… We will continue to act in this way,” Foreign Ministry spokesperson Esmaeil Baqaei said at a press conference in Tehran following the latest wave of hostilities between the adversaries.
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