Overview
- U.S. forces struck more than 80 targets in southern Iran in response to reported attacks on three merchant vessels near the Strait of Hormuz, and U.S. Central Command said the campaign aimed to punish threats to commercial shipping.
- The White House revoked the 60-day temporary license that had allowed limited Iranian oil sales under the June memorandum of understanding and reimposed sanctions on Tehran.
- Iran’s Islamic Revolutionary Guard Corps said it fired at roughly 85 U.S.-linked military sites in Bahrain and Kuwait in retaliation and reported shooting down a U.S. drone, with Gulf states reporting intercepted missiles and drones.
- Speaking at the NATO summit in Ankara on Wednesday, President Trump declared the interim MoU “over,” warned of further strikes and floated measures including action against Kharg Island and a possible naval blockade.
- Global markets moved sharply as oil jumped about 5–7% and U.S. stock indexes fell, commercial ship operators warned of higher transit risk, and diplomats warned the collapse of the June 17 deal now makes broader peace talks far less likely.