US launches new strikes on Iran after Trump vows to hit ‘hard’

The United States has launched further strikes on Iran, with explosions reported in the country's south, including port cities on the Strait of Hormuz. President Donald Trump stated these actions are retribution for Iran's alleged bombing of ships the previous day, warning of escalating consequences if such attacks recur. US Central Command confirmed the strikes aimed to degrade Iran's ability to threaten freedom of navigation in the waterway and hold Iran accountable for recent aggression against commercial shipping. Iranian state media reported multiple explosions in Bandar Abbas and missile strikes on ports in Sirik and Jask. Senior Iranian officials had previously vowed an immediate response to any US attack.

The US military has launched a second night of strikes against Iran, following President Trump's declaration that a ceasefire is "over." These actions, directed by President Trump, aim to degrade Iran's ability to threaten freedom of navigation in the Strait of Hormuz. The US Central Command stated that Iran is being held accountable for recent aggression against commercial shipping. Iran's Mehr news agency reported its air defenses engaging "hostile targets" near Bandar Abbas and explosions in other coastal areas. Both nations accuse each other of violating a mid-June memorandum of understanding that ended fighting and lifted a US naval blockade. A key dispute centers on the clause regarding safe passage of commercial vessels through the Strait of Hormuz, with Iran asserting sole responsibility for determining passage arrangements.

US stock markets declined on Wednesday due to ongoing US strikes on Iran and concerns from the Federal Reserve about potentially higher interest rates. President Trump declared the Iran-US ceasefire over, leading to a sharp rise in oil prices, with Brent crude exceeding $80 a barrel. The Dow Jones Industrial Average fell 1.09%, while the S&P 500 experienced a slight loss and the Nasdaq saw a minor gain. Global stock markets also saw declines. The Federal Reserve's meeting minutes indicated that some officials believe interest rates may need to increase to combat rising inflation, which reached a three-year high of 4.2% in May. This situation presents a challenge for the Fed chair, who was nominated by President Trump, who has publicly called for lower interest rates.

Global markets experienced a downturn and oil prices surged following US President Donald Trump's announcement that the memorandum of understanding with Iran to end conflict was "over" and that additional strikes were likely. Brent crude hit a two-week high of $77.24 a barrel. Major US stock indices opened lower, with the Dow down 0.8 percent. Travel stocks plunged due to rising fuel costs, with United Airlines falling 3 percent, while energy stocks saw gains. These developments risk reversing recent declines in fuel prices and could lead to a second oil shock, according to analysts. The escalation follows Iran's Revolutionary Guard Corps targeting US military sites in response to US strikes.

The United States conducted new strikes on Iran on Wednesday in response to Iranian attacks on ships in the Strait of Hormuz. President Donald Trump ordered the retaliation, stating his expectation for the military escalation to conclude swiftly and indicating a willingness for further discussions. U.S. Central Command (CENTCOM) confirmed the strikes were aimed at diminishing Iran's capacity to jeopardize freedom of navigation in the strait, a vital waterway for global energy transport. The article does not provide further details on the specific nature or targets of these strikes.

Oil prices surged over 3% on Wednesday following U.S. strikes on Iran, which were launched after Iran reportedly attacked three ships in the Strait of Hormuz. Asian shares experienced mixed trading, with markets in Greater China rising while others like Tokyo and Seoul saw declines. South Korea's Kospi index, which had previously soared, fell significantly due to heavy selling in AI-related tech stocks such as Samsung Electronics. Concerns about the high valuations of AI stocks and their potential to justify massive investments in chips and data centers continue to impact market sentiment globally. In other trading, the U.S. dollar strengthened against the Japanese yen.

Oil prices surged as renewed hostilities between the United States and Iran impacted the Strait of Hormuz. Brent crude rose above $76 a barrel for the first time in two weeks after the US launched strikes on Iran and revoked a temporary waiver of sanctions on Iranian oil. This action followed attacks on three commercial vessels in the Strait of Hormuz, which US, Qatari, and Saudi officials blamed on Iran. US Central Command stated the strikes were to impose costs for targeting commercial shipping. Iran's Deputy Foreign Minister described the sanctions waiver revocation as a violation of a previous memorandum of understanding and warned of decisive actions to safeguard national interests.

Iran has accused the United States of violating a peace agreement after US military strikes targeted sites around the Strait of Hormuz. The US stated these strikes were a response to Iran's attacks on three commercial vessels in the strait on Tuesday. The US also revoked a temporary sanctions waiver for Iran's oil exports, which Iran cited as a breach of the agreement. Iranian state media reported explosions on Qeshm island and in the cities of Sirik and Bandar Abbas. Iran's foreign ministry warned of "decisive measures" in response to what it called repeated US violations of a memorandum of understanding signed last month, which began 60 days of negotiations. The US described Iran's actions as "unwarranted, dangerous, and a clear violation of the ceasefire."

The US military conducted strikes against Iranian targets early Wednesday following the reported attacks on three merchant ships off Oman. US Central Command stated the strikes were intended to impose costs for targeting civilian commercial shipping in an international waterway, deeming Iran's actions unwarranted and a violation of a ceasefire. The incidents occurred on Tuesday, with three tankers, including a Qatari LNG vessel and a Saudi crude tanker, being struck in the Strait of Hormuz. Maritime authorities raised the threat level to "severe" for vessels in the area. Initial indications from a US official suggested Iran fired at two commercial vessels, though no immediate claim of responsibility was made.

The US Central Command has launched strikes against Iran, stating the action is intended to impose "heavy costs" on Iran for what it described as "unwarranted, dangerous, and a clear violation of the ceasefire." These strikes follow reports of attacks on tankers in the Strait of Hormuz. Qatar's foreign ministry holds Iran "fully responsible" for an apparent targeted attack on the vessel Al-Rekayyat, demanding Iran cease practices undermining regional security and global energy supplies. Saudi Arabia's foreign ministry also stated Iran targeted the Saudi tanker Wadyan as it crossed the Strait. Despite these actions, a US official indicated that US negotiators would continue to work in "good faith" towards a final deal with Iran. A previously issued US license authorizing Iran to sell oil and petrol products will be wound down by July 17.

The US military announced it launched airstrikes in southern Iran on Tuesday in response to Iranian attacks on three commercial vessels in the Strait of Hormuz. Explosions were reported in several locations in southern Iran, including the port city of Sirik and Qeshm Island, both strategically significant areas near the Strait. Iranian state TV reported multiple explosions in these regions. Following the strikes, Iran's foreign ministry stated it holds the US government responsible for the consequences of breaching a memorandum of understanding signed in June. This agreement was intended to end hostilities and involved lifting a US naval blockade in exchange for Iran reopening the Strait of Hormuz.

A tanker caught fire after being struck by an "unknown projectile" in the Strait of Hormuz, with reports from US officials suggesting Iran's Islamic Revolutionary Guard Corps (IRGC) fired missiles at commercial ships. These attacks occurred during ongoing peace negotiations between the United States and Iran, where the Strait of Hormuz is a contentious issue due to Iran's restrictions on shipping. While marine traffic has shown resilience, vague provisions regarding the strait remain a sticking point in the talks. The incidents also follow funeral processions for former Iranian Supreme Leader Ayatollah Ali Khamenei, who was killed in US-Israeli strikes. The exact cause of the tanker incident is unclear, with one analyst suggesting it may have strayed into an area of Iranian mine-clearing operations.