The U.S. And Iran Further Escalated Strikes In The Hormuz Strait. Now a Top Tehran Official Says The MOU Is In 'Crisis'
U.S. strikes hit about 140 Iranian targets as Tehran says the Strait of Hormuz is closed and Washington says it remains open.
- On July 12, President Donald Trump directed the United States to launch offensive strikes against Iran, responding after Tehran targeted facilities across the Persian Gulf and declared the Strait of Hormuz closed.
- Fighting intensified after the collapse of an interim agreement signed last month, intended to reopen the waterway through 60 days of negotiations. Tehran now insists it controls the strait, while Washington rejects this claim.
- U.S. military officials confirmed striking about 140 targets, while Iranian media reported explosions in Bandar Abbas, Sirik, Jask, and on Qeshm. Brent Crude surged around 4.3% to reach $79.33.
- Attacks spread to Kuwait, Oman, and Qatar, with Kuwait reporting damage to border posts and an offshore oil platform. The Gulf nation accused Iran of being "fully legally responsible" for the strikes.
- Market participants remain pessimistic, as the probability of Strait of Hormuz traffic returning to normal by July 31 has decreased to 3%. Trump maintains the U.S. will hold Iranian forces accountable.
22 Articles
22 Articles
A new wave of attacks between the US and Iran is already reflected in international markets: Brent's oil price rises 3.80%, the Lisbon stock market drops 0.41%, and the euro drops 0.05% against the dollar.
Oil rose again after the United States carried out a new wave of attacks on Iran, while both sides diverged over whether the Strait of Ormuz remained open. Brent oil, a global reference, came to close to $80 per barrel, before returning part of the gains and slowing down on the morning of Monday. At around 6am (Brasília time), Brent's barrel was traded at $77.82, with a height of 2.38%. West Texas Intermediate (WTI), a US reference, was traded a…
Rockets on bases and Strait. Tehran: "It's closed, it counts more than the atomic." Trump: "It's open"
The U.S. And Iran Further Escalated Strikes In The Hormuz Strait. Now a Top Tehran Official Says The MOU Is In 'Crisis'
A top Iranian official said the memorandum of understanding between the U.S. and Iran is in "crisis" after the nations escalated attacks in the Strait of Hormuz.
Is Strait of Hormuz closed? US, Iran give conflicting answers amid escalated tensions
The tensions between the US and Iran have escalated over the weekend as both sides exchanged heavy missile and drone assaults. The US launched major strikes, including an operation hitting...
Oil prices are rising sharply at the start of the week, up nearly five percent. The market is reacting to further escalation in the conflict in the Middle East, where the United States and Iran are fighting for control of the Strait of Hormuz, which is crucial for the export of oil and other raw materials from countries around the Persian Gulf.
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