US resumes Iran ports blockade as Gulf attacks continue: What’s the latest?

The United States has reinstated a naval blockade on Iranian ports and coastal areas, less than a month after signing a memorandum of understanding intended as a step towards peace. This action follows a wave of US attacks on Iran, which CENTCOM stated were in response to Iranian attacks on ships in the Strait of Hormuz. The US strikes, lasting seven hours, targeted "dozens of military targets" near the Strait of Hormuz and Iranian coastal areas, including missile and drone sites, naval capabilities, and coastal defense systems. Iranian media reported US missiles hit a civilian naval watchtower in Chabahar and a military base in Bampur. In retaliation, Iran's Islamic Revolutionary Guard Corps launched drone and missile attacks on US military assets in Bahrain, Kuwait, and Jordan.

The US conducted strikes on Iran for a third consecutive day, targeting port cities like Bushehr and Bandar Abbas, aiming to degrade Iran's ability to attack commercial shipping. In retaliation, Iran attacked Bahrain, Jordan, and two UAE-associated tankers in the Strait of Hormuz. Bahrain and Jordan reported intercepting Iranian attacks, with Bahrain accusing Iran of targeting civilians. These escalating actions threaten a return to conflict and hinder efforts to reopen the Strait of Hormuz, which the US stated it would control and charge tolls for safe passage. The article also mentions ongoing US-mediated negotiations between Lebanon and Israel.

President Donald Trump announced the US is reinstating a naval blockade of Iranian ports, effective Tuesday at 16:00 ET, and will impose a 20% charge on all cargo passing through the Strait of Hormuz. Trump stated this measure aims to prevent Iranian ships from using the key oil shipping route while ensuring fair access for other nations, positioning the US as "THE GUARDIAN OF THE HORMUZ STRAIT." This action follows recent exchanges of strikes between the US and Iran in the region. Iran's foreign minister responded that while Iran remains the strait's "GUARDIAN," the proposed 20% charge is excessive. The International Maritime Organization stated there is no legal basis for mandatory tolls on strait passage.

President Trump has rescinded his threat to impose a 20% fee on cargo ships transiting the Strait of Hormuz. Instead, he announced that Gulf States will pursue trade and investment deals with the United States. This decision comes as the U.S. prepares to reimpose a naval blockade on Iranian ports, which Centcom stated would be in effect from Tuesday. Trump indicated the Strait remains open to all traffic except Iran, asserting that oil is flowing freely due to U.S. military power. He explained his change of plan was influenced by calls from Gulf leaders, who expressed concerns about the fairness of the U.S. protecting the waterway for global use. Shipping data indicates a recent slowdown in Strait traffic and a rise in Brent Crude oil prices.

President Donald Trump announced that the US will reinstate a naval blockade of Iran and charge a 20 percent toll on ships transiting the Strait of Hormuz, framing it as reimbursement for providing security. This plan, revealed in a Fox News interview and on Truth Social, is set to begin immediately. However, experts suggest the proposal is an improvised political remark rather than a developed policy, lacking a legal mechanism for enforcement and potentially undermining the US stance on freedom of navigation. Commercial shipping companies will likely adapt to whoever can ensure safe passage, and the added toll would create further uncertainty. The UN's International Maritime Organization has stated that imposing tolls on international straits is against international law.

US President Donald Trump has abandoned his plan to impose a 20% charge on commercial cargo transiting the Strait of Hormuz. This decision, announced on Tuesday, came after discussions with Middle East leadership. Trump stated that the proposed fee will be replaced by trade and investment agreements between Gulf states and the United States. Despite scrapping the toll, the US is continuing with a naval blockade aimed at Iranian trade. The shift in strategy follows "highly productive conversations" with regional leaders.

Gulf countries, including Bahrain, Kuwait, Oman, Qatar, the UAE, and Jordan, have activated air defense systems following renewed Iranian drone and missile attacks targeting U.S. military installations. These attacks, which Iran claims hit specific facilities, occur amidst a fragile memorandum of understanding between Iran and the U.S. aimed at halting a conflict that began in February. The renewed escalation, partly focused on the Strait of Hormuz, highlights a security dilemma for Gulf states: their U.S. military presence makes them targets, yet U.S. protection is crucial against Iranian threats. Gulf nations have invested heavily in layered air defense networks, but the sustained pressure from Iran's cheaper drones raises questions about their ability to withstand prolonged confrontations.

The United States and Iran have engaged in a second day of retaliatory attacks, escalating tensions and jeopardizing a recent memorandum of understanding (MoU) aimed at extending a ceasefire and reopening the Strait of Hormuz. Following US strikes on approximately 90 Iranian military targets, Iran stated it attacked US military-linked sites in Kuwait, Bahrain, and Qatar. The US Central Command reported its strikes targeted Iran's ability to threaten freedom of navigation in the Strait of Hormuz, while Iran claimed its actions were in response to the US bombardment. These exchanges threaten to undermine the MoU brokered by Pakistan and Qatar, which sought to de-escalate conflict and address broader issues between the two nations.

The US military conducted strikes on Iran for a second consecutive day following President Trump's declaration that an interim agreement to end the war was "over." These strikes targeted three locations across Iran, including Bandar Abbas, Sirik, and Bushehr province, in retaliation for Iran's earlier attacks on three tankers in the Strait of Hormuz. US Central Command confirmed the actions were aimed at degrading Iran's ability to threaten freedom of navigation. The escalation follows an exchange of fire after Iran targeted merchant vessels, and the US also revoked a temporary sanctions waiver for Iranian oil exports. The strikes occurred as Iran was preparing to bury its supreme leader, Ayatollah Ali Khamenei.

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.

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.

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.

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.

Following deadly US attacks on Iran that reportedly killed at least one person and caused power outages, sirens sounded across Bahrain and Kuwait, with warnings also issued in Qatar. In Qatar, residents were advised to stay indoors and away from windows until the danger passed. Kuwait's defense ministry reported intercepting drones and missiles, urging citizens to take precautions and noting that any explosions were due to these interceptions. Bahrain's interior ministry also issued an alert. Countries in the Gulf region are preparing for potential retaliatory attacks, as is common after US strikes on Iranian targets. Iran claims to be targeting the sources of attacks on its territory, a stance that has caused contention and anger in Gulf nations who state they are not involved in the conflict.

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.