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 parties after hostilities resumed last week.
Hours before his statements about the strikes, Trump had 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 all and every cost necessary” to ensure the safety of vessels in the strait. The United States Central Command stated that preparations to resume the blockade of ships bound for or departing Iranian ports would begin at 20:00 GMT on Tuesday.
The International Maritime Organization (IMO) rejected both the proposed fees and the military actions in the area. In a statement, the IMO Council reaffirmed its commitment to protecting vital sea lanes and said that 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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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 seek shelter immediately.
Oil prices surge to four-week high
Oil prices rose 2%, reaching a four-week high amid the ongoing reciprocal attacks between the United States and Iran.
Brent futures climbed $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.
The increase follows a dramatic Monday session when Brent jumped 9.6%, its largest single-day rise since May 2020.
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Bahrain intercepted Iranian air attacks
Nabeel Alhamer, press advisor to the King of Bahrain, says the kingdom’s air defense systems have 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 instructed the public to “remain calm and proceed 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 domestic 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 left eight injured, 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 stated that 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 sought further negotiations after the agreement
The U.S. president said the United States had reached an agreement with Iran two days earlier, but that Tehran wanted to continue negotiating it.
When a journalist asked 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) reiterated on Monday that vessel passage through the Strait of Hormuz must be toll-free, following a post by U.S. President Donald Trump the same day in which he said the United States would charge a 20% fee for what he called security protection.
Under international law, passage must remain free of customs duties and charges, the U.N. specialized agency based in London said. The IMO emphasized that any agreement among littoral states in the region must guarantee non-discriminatory, unimpeded transit rights for all ships.
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Donald Trump announced he will address the nation in prime time on Thursday, in 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 his social network Truth on Monday.
U.S. missions in the UAE 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 come to the embassy or consulate. We will contact you to reschedule,” the statement said.
Iran’s foreign minister mocks Trump’s fee to protect ships in Hormuz
Iranian Foreign Minister Abbas Araqchi mocked President Donald Trump’s proposal to impose fees to protect vessels transiting the Strait of Hormuz and said his country would charge a cheaper toll.
“Whoever ensures the safe passage of commercial ships 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. 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 jump more than 9%
Oil prices surged on Monday, driven by the U.S. reestablishment of a naval blockade on Iranian ports and Washington’s intention to impose a toll on ships that wish to transit the Strait of Hormuz.
By 18:20 GMT, North Sea Brent, the international benchmark, was up 9.06% at $82.90 per barrel. Its U.S. counterpart, West Texas Intermediate (WTI), rose 9.05% to $77.87 per barrel.
U.S. 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 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 destined for or coming from locations outside Iran, the statement added.
Humanitarian shipments will be permitted, subject to inspections, the JMIC added.
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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 that it had responded to a ballistic missile attack launched by Houthi rebels, after the movement accused Riyadh of bombing Sanaa International Airport, the Yemeni capital’s airport.
“Air defenses have responded to a ballistic missile threat launched by the Houthi terrorist militia toward the southern region,” Turki al-Maliki, spokesman for the so-called Coalition to Support the Legitimacy in Yemen, said on X.
European stocks close slightly higher amid Middle East uncertainty
European stock markets closed with modest gains on Monday after a session marked by the resumption of hostilities and rising oil prices, as well as concerns about the technology sector and the future path of interest rates.
London closed up marginally by 0.01%, Paris gained 0.31%, Frankfurt 0.19%, Milan 0.37% and Madrid 0.25%.
Guterres warns about military escalation in the Gulf after US and Iranian attacks
United Nations Secretary-General António Guterres warned on Monday about the attacks by the United States 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 in the resumption of military confrontations in the Gulf region,” his spokesman Stéphane Dujarric said.
Oil rises more than 4% as US-Iran tensions grow
Oil prices climbed strongly on Monday, with West Texas Intermediate trading at $74.53 per barrel, up 4.37%, while Brent rose 4.30% to $79.28. The increase occurred amid rising military tensions between the United States and Iran, which renewed doubts about the safety of transit through the Strait of Hormuz.
The energy-driven rebound also affected stock and bond markets: the VIX volatility index jumped 7.77%, while U.S. Treasury yields rose across the curve — the 10-year yield gained 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 combat use of maritime drones: struck an Iranian 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 aerial attack drones. According to the command, three unmanned surface vessels of the Corsair model impacted the port of Bandar Abbas Naval Base.
The strike marked, CENTCOM said, the first time U.S. forces have employed maritime drones in combat operations. The command stated 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 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,” so named, he explained, because it will only prevent entry or exit for 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 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 will be reimbursed at a 20% rate on all cargo carried, to cover the costs necessary to provide security to “this very volatile section of the world.” “The process and training will begin immediately,” the president added.
The announcement deepens Trump’s rhetorical offensive regarding the strait, after he had earlier told Fox in an interview that Washington would become the “guardian” of the waterway and would be compensated for guarding it, amid the military escalation with Iran and Tehran’s warning that it would consider “an act of war” any Gulf cooperation with the United States in managing the passage.
The full report at this 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 the global supply of oil and gas by “interfering” in the Strait of Hormuz, after hostilities between the two countries resumed. IRGC spokesperson Hosein Mohebi said the United States “must be held accountable” for jeopardizing the security of the global energy supply.
In a post on X, Mohebi added that Tehran “will continue to exercise its sovereignty and the management of the Strait of Hormuz,” signaling that Iran is unwilling to cede operational control of the waterway despite U.S. pressure.
The accusation followed an earlier 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 guarding it.
Wall Street opens lower on US-Iran escalation and a drop in semiconductors
U.S. stocks mostly fell on Monday morning as markets weighed higher oil prices and a retreat in semiconductor shares, while investors looked ahead to upcoming corporate earnings and economic data. Oil prices rose more than 3% amid rising tensions between the United States and Iran, reviving concerns about energy infrastructure in the Strait of Hormuz.
U.S. semiconductor stocks fell early after 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 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 oil prices up, and that is raising Treasury yields, while the liquidation of SK hynix is dragging 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 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 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,” as confrontations between Tehran and Washington resumed. A spokesperson for the Khatam Al-Anbiya military command delivered the warning in a video message to regional states.
The same spokesperson said Iran “under no circumstances will allow… the United States to interfere in the management” of the strategic waterway, in remarks intended to deter U.S. regional allies from joining any joint management 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 paid to protect it, amid the military escalation that has put transit through this key route for energy trade on edge.
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 attacks with Iran over the vital 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 perceived military weakness.
The president added that his country will 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 in the interview.
He also issued a strong warning to Iran after the breakdown of the existing military agreement, saying the United States struck 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 the U.S. had reached an agreement with Tehran that was then violated: “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 we will probably administer it.”
The remarks come amid a 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 is continuing to flow normally despite the military escalation.
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Video: US releases footage of new wave of strikes against Iran
U.S. forces completed a new wave of strikes against Iran on Sunday, striking dozens of targets in multiple locations with precision munitions, 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, 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 facilities near the strait are located — and the nearby island of Qeshm. Iran’s foreign ministry condemned the U.S. strikes over the weekend as “aggressive.” Reuters could not independently verify the location or date of the footage, and no earlier version was found online before July 12.
The Houthis warn they will retaliate for the attack on Sanaa airport
The Iran-backed Houthis in Yemen said on Monday they will 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 Yemeni government 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 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; accordingly, the airport runway was targeted,” the Yemeni Defense Ministry said. Earlier, the Houthi channel Al Masirah reported that “the Saudi aggression attacked the departure and arrival runways of Sanaa International Airport.”
The Iran-backed Houthis said on Monday they would respond to the attack on Sanaa airport, which they attributed to Saudi Arabia, while the Riyadh-backed Yemeni government claimed responsibility for the operation. Houthi military spokesman Yahya Saree accused Saudi Arabia of “ending the de-escalation phase and assuming full responsibility for the consequences of its aggression,” warning: “We state that this aggression will not go 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 Islamic Revolutionary Guard Corps claimed to have attacked 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, semi-official Iranian agency ISNA reported that a U.S. strike on a site 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 count since the cross-border strikes resumed last week, but state media reports and statements about isolated incidents suggest roughly 20 people have died in the renewed U.S. bombardments. At the start of the war, 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 its recent attacks against the kingdom, after Tehran said it had struck U.S. military facilities and infrastructure in the country.
“Iran continues its systematic hostile conduct through its atrocious missile and drone attacks aimed 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 around midday on Monday near Bandar Abbas and the island of Qeshm,” the Mehr news agency said, adding that the explosions “appear to originate from the west coast of Bandar Abbas.”
Iran says it continues talks with mediators to “avoid an escalation” with the US
Iran said on Monday it is continuing diplomatic contacts with mediators Qatar, Pakistan and Oman in order to “avoid an escalation” with the United States amid the resumption of hostilities.
“The role of the mediators is to continue their efforts to prevent a further escalation of tensions,” Foreign Ministry spokesperson Esmail Baqaei said, adding that Tehran had been in contact “in recent days” with Qatar and Oman, two countries that had been militarily attacked by Iran, as well as with Pakistan.
Iran says it will stop complying with the agreement if the US does not meet its commitments
Iran announced on Monday that it would no longer abide by the memorandum of understanding signed with the United States if Washington did not fulfill its obligations to end the war.
“Whenever the other party has not fulfilled its obligations, we have also not fulfilled ours… We will continue to act in this manner,” Foreign Ministry spokesperson Esmaeil Baqaei said at a press conference in Tehran following the latest wave of hostilities between the two adversaries.
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