The United States carried out strikes against Iranian air defenses, coastal radars, and missile capabilities early Sunday after the IRGC fired on a Cyprus-registered container ship in the Strait of Hormuz. Iran retaliated by launching missiles and drones at Gulf neighbors including Jordan, Bahrain, Qatar, Oman, and the UAE, with Qatar reporting three injuries from falling shrapnel. The operations ended after roughly five and a half hours, CENTCOM announced.
President Donald Trump announced reinstatement of a blockade on Iranian shipping through the strait and a 20% fee on all cargo transiting the waterway for security services. Trump claimed the strait remains open to commercial traffic despite Iran declaring it closed. UN Secretary-General António Guterres called for respect of navigation freedom in the strait.
Oil prices surged, with Brent advancing 9.6% above $83 and WTI jumping 9.4% past $78 per barrel. Wall Street declined, with the S&P 500 losing 0.79% and the Nasdaq falling 1.55%. The escalation follows a June 17 ceasefire agreement that had extended a truce by 60 days to restore trade.