US-Iran Deal Live: Trump says US will 'make a deal or finish the job' with Iran US Iran Diplomatic Talks: Strait ceasefire under strain after reported attacks on commercial ships Fresh attacks on commercial vessels have cast doubt over the memorandum of understanding reached between Washington and Tehran to halt hostilities in the Strait of Hormuz. Indirect talks held in Doha last week reportedly made little progress on maritime security, while US officials are now said to be considering possible retaliatory strikes against Iranian targets following the latest incidents. Iran-US War: US officials say Iran fired missiles at commercial ships in Strait of Hormuz Two US officials told Axios that Iran fired at least two missiles at commercial vessels transiting the Strait of Hormuz on Monday night. Both ships reportedly suffered significant damage, though no casualties were reported. The alleged attack comes after a one-week US-Iran understanding to halt attacks in the strategic waterway expired, raising fears of renewed military escalation. Strait of Hormuz Agreement Iran US: Tanker catches fire after projectile strike near Oman A commercial tanker travelling through the Strait of Hormuz caught fire after being struck by a projectile near Limah, Oman, according to the UK Maritime Trade Operations Centre. The vessel sustained damage on its port side while heading towards the Gulf of Oman. Authorities said there was no environmental impact, while investigations into the incident remain underway. US-Iran Deal: Aerial visuals show massive crowds at Khamenei farewell in Tehran and Qom Aerial footage from Tehran and the Jamkaran Mosque in Qom showed massive crowds attending funeral ceremonies for Iran's late Supreme Leader Ali Khamenei. The Islamic Republic has organised an extensive week-long mourning programme, with processions expected across multiple cities as supporters pay their final respects to the country's longtime leader. Iran US Peace Agreement: Thousands gather in Tehran for Ali Khamenei's funeral procession Thousands of mourners gathered in Tehran on Sunday for the public farewell ceremony of Iran's late Supreme Leader Ali Khamenei. Authorities are holding a week-long series of funeral processions following his death in an airstrike during the US-Israel war on Iran. Large crowds were seen filling the streets as Iran began nationwide ceremonies before taking Khamenei's remains to key Shi'ite religious sites. Middle East peace deal Iran US: Netanyahu says action against Iran could unlock more regional peace Benjamin Netanyahu has said the joint US-Israeli campaign against Iran has weakened Tehran and could create conditions for new regional peace agreements similar to the Abraham Accords. He also claimed countries in the region are increasingly interested in aligning with Israel for security and economic reasons, while expressing hope for further diplomatic breakthroughs following recent developments in Lebanon. US-Iran Peace Deal Live: Netanyahu dismisses rift with Trump, says they agree ‘99% of the time’ Israeli Prime Minister Benjamin Netanyahu has rejected reports of tensions with US President Donald Trump, saying the two leaders see "eye to eye" on nearly all major issues. He acknowledged occasional disagreements but said they are discussed openly and usually resolved. Netanyahu described Israel as America's closest ally and said both countries continue to work together on regional security and strategic goals. Iran-US War: Trump says US will ‘make a deal or finish the job’ with Iran US President Donald Trump has said Washington will either strike a deal with Iran or "finish the job", while insisting he prefers diplomacy over military action. He said he did not want to hurt Iran's population, but warned the US could inflict massive damage if needed. "We're either going to make a deal, or we're going to finish the job," Trump said, adding that the US could "knock down their bridges in one hour" if conflict escalates.
US-Iran Deal Live: Trump says US will 'make a deal or finish the job' with Iran US Iran Diplomatic Talks: Strait ceasefire under strain after reported attacks on commercial ships Fresh attacks on commercial vessels have cast doubt over the memorandum of understanding reached betw…
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A tanker identified as the Kaifan was struck by an unknown projectile northeast of Oman’s Limah in the Strait of Hormuz, according to a July 21 report from UK Maritime Trade Operations. No ships were observed transiting the strait that day. Attribution of the strike and links to prior incidents have not been confirmed by the vessel’s owner.
Goldman Sachs has projected Brent crude averaging $80 per barrel in the fourth quarter and $75 in the following year, conditional on reduced Middle East tensions, while noting upside risks from potential shipping disruptions in the Strait of Hormuz or Red Sea.
Brent prices rose above $91 per barrel amid recent U.S.-Iran exchanges and Houthi threats to Saudi shipments before edging lower on Tuesday. A senior Iranian official told Reuters that mediators had proposed a 10-day ceasefire to preserve an interim agreement.
Opening summary: Iran claims attacks on strait of Hormuz ships amid fresh US strikes Welcome to our live coverage of the latest developments in the Middle East crisis. Iran attacked a tanker in the strait of Hormuz early on Tuesday, forcing its crew to abandon the ship, as Yemen’s Iran-backed Houthis announced they were imposing an immediate maritime blockade of Saudi Arabia in the Red Sea after the two sides traded fire last week for the first time in years.
A Houthi official said the Bab al-Mandeb strait – at the southern end of the Red Sea, through which about 12% of the world’s trade usually passes – would be closed to the Saudis in response to the kingdom’s “unjust blockade on Yemenis for over 10 years”.
Saudi Arabia said it would take “all necessary measures to protect its vessels in accordance with international law”. A 10 consecutive night of US airstrikes has not compelled Tehran to loosen its grip on the strait of Hormuz, a vital route for global energy supplies.
But even as Iran’s president said the country had returned “full-scale war”, the Iranian interior minister travelled to Pakistan – a key mediator in the conflict – for talks. In key developments: The latest US strikes came hours after Donald Trump said Iran would pay “many times over” for killing US soldiers after multiple service members were killed in action over the weekend.
A tanker came under attack early Tuesday in the Hormuz strait off Oman, forcing the crew to abandon the vessel, the British military’s United Kingdom Maritime Trade Operations centre said. Iran’s Revolutionary Guards claimed the attack as well as two other attacks on ships in the waterway on Monday.
The US military’s Central Command said its latest airstrikes were to “degrade” Iran’s ability to attack commercial shipping in the strait and included hitting military command centres and missile and drone launch sites. Iranian media reported strikes in parts of the country including Bandar Abbas, Tabriz and Bushehr, home to the country’s only operational civilian nuclear power.
Iran’s launched attacks in response against Bahrain, Kuwait and Jordan, which all host US forces. Oil prices softened after hitting their highest levels in more than a month in the previous session. Brent crude futures eased 0.4% to $88.87 a barrel by 0052 GMT on Tuesday while US West Texas Intermediate crude for September delivery was steady at $82.
47 a barrel. Democrats have seized on the deaths of three US troops killed in Iranian strikes to urge Trump to urgently reverse his resumption of the war with Iran amid widespread anxiety over climbing casualties. The Lebanese army began taking charge of security in three southern villages, the US said, as a deal to secure an Israeli withdrawal from southern Lebanon and the disarmament of Hezbollah faced its first test on the ground.
US forces struck the tanker Settebello in the Gulf of Oman on June 10, killing three Indian crew members when munitions hit the engine room and adjacent areas. Maritime tracking data indicate the vessel had transported Iranian oil under US sanctions for several years and conducted offshore transfers prior to the strike.
The US military described the action as a precision operation, while reports note the ship was stationary at the time.