U.S. military strikes on Iran entered a second day on Monday, part of a renewed wave of fighting over control of the Strait of Hormuz that threatens a fragile interim agreement and has already spread to Yemen, where an attack on Sanaa airport produced a dispute between the Yemeni government and the Iran-backed Houthis over responsibility for the bombing. CENTCOM confirmed it completed another round of strikes against Iranian air defense systems, coastal radars, missile and drone capabilities, while Tehran held talks with mediators from Qatar, Pakistan and Oman in an effort to avoid further escalation.
U.S. attacks killed two and wounded three in Iran’s oil-producing southwestern province of Khuzestan, according to Fars and Tasnim agencies. Media outlets and residents also reported explosions near Bandar Abbas and Qeshm Island, the Mehr agency said. In retaliation, the Islamic Revolutionary Guard Corps claimed attacks on Bahrain, Jordan, Kuwait and Oman; Bahrain accused Iran of targeting “civilians,” and Jordan said it intercepted four Iranian missiles. Iran also fired “warning shots” at two vessels attempting to cross the Strait of Hormuz.
The escalation sent oil prices higher, with Brent rising as much as 5% before easing to around $78 per barrel. President Donald Trump said the two countries had been close to “a deal” on Saturday before a drone attack on a ship derailed negotiations. In Yemen, Houthi military spokesman Yahya Saree warned the strike on Sanaa airport “will not go unanswered or unpunished,” suggesting the regional conflict could spread beyond Iran.
The International Maritime Organization (IMO) on Monday insisted that passage through the Strait of Hormuz must remain free of tolls, responding to 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 protection services.
Under international law, transit must remain free of customs duties and charges, the U.N.-specialized agency based in London said. The IMO emphasized any agreement between littoral states should 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, in an announcement 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 Monday on his social network 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 escalating 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 through 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,” the announcement said.
Iran’s foreign minister mocks Trump over fee to protect ships in Hormuz
Iranian Foreign Minister Abbas Araghchi mocked U.S. President Donald Trump’s proposal to levy fees to protect vessels transiting the Strait of Hormuz, saying Iran would charge a lower toll.
“Whoever guarantees the safe passage of commercial ships 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 20% fee Trump proposed earlier.
Oil prices jump more than 9%
Oil prices surged on Monday, driven by the reestablishment of a U.S. naval blockade on Iranian ports and Washington’s intention to impose a toll on vessels transiting the Strait of Hormuz.
By 18:20 GMT, the North Sea Brent benchmark was up 9.06% at $82.90 per barrel. Its U.S. equivalent, West Texas Intermediate (WTI), rose 9.05% to $77.87 per barrel.
U.S. naval blockade on Iran to begin Tuesday
The United States will begin enforcing a naval blockade of 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 JMIC, the blockade will apply to all vessels regardless of flag. The blockade will not impede neutral traffic transiting the Strait of Hormuz en route to or from locations outside Iran, the statement said.
Humanitarian shipments will be allowed to pass but will be subject to inspection, 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 said 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 have responded to a ballistic missile threat launched by the terrorist Houthi militia toward the southern region,” Turki al-Malki, spokesperson for the Saudi-led Coalition to Support 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 day marked by renewed hostilities and rising oil prices, along with concerns about the technology sector and the outlook for 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 Monday about the attacks by the United States on Iran and Tehran’s strikes on vessels in the Strait of Hormuz and on neighboring countries.
Guterres expressed his “deep concern over the serious escalation and the resumption of military confrontations in the Gulf region,” his spokesperson Stéphane Dujarric said.
Oil rises more than 4% as tensions between U.S. and Iran grow
Oil prices climbed strongly on Monday, with West Texas Intermediate trading at $74.53 per barrel, a 4.37% increase, while Brent rose 4.30% to $79.28. The rise occurred amid growing military tensions between the United States and Iran, reviving concerns about the security of transit through the Strait of Hormuz.
The energy price spike also affected stock and bond markets: the VIX volatility index jumped 7.77%, and U.S. Treasury yields rose across the curve — the 10-year note increased 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 surface drones: struck Iranian naval base in Bandar Abbas
The U.S. Central Command (CENTCOM) said its forces successfully struck a maintenance facility for submarines and ships in Iran using multiple one-way attack aerial drones. The command said three unmanned surface vessels of the Corsair model impacted the port at the Bandar Abbas Naval Base.
CENTCOM said the attack marked the first time U.S. forces used maritime drones in combat. The command added that the overnight strikes “degraded Iran’s ability to continue attacking commercial maritime traffic” amid the military escalation that has put Strait of Hormuz transit 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,” which he said would only prevent Iranian vessels 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 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 of providing 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 campaign over the strait, after he had previously told Fox News Washington would become the route’s “guardian” and be compensated for its custody, amid a military escalation with Iran and Tehran’s warning that any Gulf cooperation with the United States over the strait would be considered “an act of war.”
The full report is available at the link.
The Islamic Revolutionary Guard accuses 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. IRGC spokesman Hosein Mohebi said the United States “must be held accountable” for risking the security of the global energy supply.
In a post on X, Mohebi added that Tehran “will continue to exercise its sovereignty and manage the Strait of Hormuz,” signaling Iran’s unwillingness to cede operational control of the waterway despite U.S. pressure.
The accusation followed a warning by the Khatam Al-Anbiya military command earlier that day, which called any Gulf states’ cooperation 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.
Wall Street opens lower amid U.S.-Iran escalation and a drop in semiconductors
U.S. stocks mostly fell on Monday morning as markets weighed rising oil prices and weakness in semiconductor shares, while investors awaited upcoming corporate earnings and economic data. Crude oil rose more than 3% amid growing tensions between the United States and Iran, reviving concerns about oil infrastructure in the Strait of Hormuz.
U.S. semiconductor stocks declined after a poor session on South Korea’s Kospi marked by a sharp drop in SK hynix. About 10 minutes after the opening, 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 higher, which is lifting Treasury yields, while the SK hynix sell-off 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 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. in the Strait of Hormuz will be considered “an act of war”
Iranian military officials 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 addressed to 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 comments aimed at dissuading U.S. regional allies from joining any joint administration of the strait.
The statement came hours after President Trump said his country would become the “guardian” of the Strait of Hormuz and should be paid for protecting it amid the military escalation that has put the route’s transit 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 with Iran over the key shipping lane. “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 vulnerability.
The president added that his country would become the “guardian” of the strait and 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 call.
Trump also issued a stern warning to Iran after the collapse of the existing military arrangement, saying the United States had struck Iranian military equipment overnight. “Most of their equipment no longer exists. Their anti-aircraft guns — we hit them very hard last night,” he said. “Every time they send a drone, we hit them very hard.” Trump claimed the U.S. 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 hold the strait, and we will probably administer 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 transit, 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 on Sunday, hitting dozens of targets in multiple locations with precision munitions, the 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 drones.
Iranian media reported Sunday missile strikes and explosions around the port cities of Sirik and Bandar Abbas — locations of military facilities near the strait — and nearby Qeshm Island. 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 of the video was found online before July 12.
Houthis warn they will respond to the strike on Sanaa airport
Yemen’s Iran-backed Houthi movement said on Monday it would respond to the attack on Sanaa airport, which it blamed on Saudi Arabia although the operation was claimed by the Riyadh-backed Yemeni government. Houthi military spokesman Yahya Saree accused Saudi Arabia of “ending the phase of de-escalation and assuming full responsibility for the consequences of its aggression.”
Saree also warned that “this aggression will not go unanswered or unpunished,” indicating the rebel group could escalate its actions amid rising regional tensions linked to the U.S.-Iran confrontation.
Yemeni government claims attack on Sanaa airport; Houthis accuse Saudi Arabia
The internationally recognized Yemeni government said on Monday it had attacked Sanaa airport after a dispute over an Iranian plane transporting a Houthi delegation; the government claimed the operation after the Houthi movement initially blamed 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; as a result, the airport runway was attacked,” Yemen’s defense ministry said. Earlier, Houthi channel Al Masirah reported that “the Saudi aggression targeted the takeoff and landing runways of Sanaa International Airport.”
The Houthis, backed by Iran, said on Monday they would respond to the strike on Sanaa airport, which they attributed to Saudi Arabia, though the Riyadh-backed Yemeni government claimed responsibility for the operation. Houthi military spokesman Yahya Saree accused Saudi Arabia of “ending the phase of de-escalation and assuming 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 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, after the Revolutionary Guard claimed to have struck U.S. facilities in the Gulf, including bases on Bahraini territory. Bahrain’s Defense Forces accused Iran of continuing to target the kingdom’s civilian population.
At the same time, semi-official Iranian 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 the renewed large-scale strikes began last week, but state media reports and statements about isolated incidents suggest about 20 people have died in 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 attacking civilians in its recent strikes against the kingdom after Tehran said it had struck U.S. military facilities and infrastructure there.
“Iran continues its systematic hostile behavior through its atrocious missile and drone attacks targeting 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” Monday morning.
Iranian media report explosions near the Strait of Hormuz
Unknown explosions were heard in southern Iran on Monday 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,” Mehr news agency said, adding that the explosions “appear to originate from the west coast of Bandar Abbas.”
Iran says it is continuing talks with mediators to “avoid escalation” with the U.S.
Iran said on Monday it is continuing diplomatic efforts with mediators Qatar, Pakistan and Oman to “avoid escalation” with the United States amid the resumption of hostilities between the two countries.
“The role of mediators is to continue their efforts to prevent an escalation of tensions,” Foreign Ministry spokesman Esmail Baqaei said, adding that Tehran had been in contact “in recent days” with Qatar and Oman — two countries that Iran has attacked militarily — as well as with Pakistan.
Iran says it will stop complying with the agreement if the U.S. does not meet its commitments
Iran announced on Monday that it would no longer respect the memorandum of understanding signed with the United States if Washington did not honor 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 spokesman Esmaeil Baqaei said at a press conference in Tehran after the latest round of hostilities between the two adversaries.
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