US-Iran Tensions Escalate with New Strikes and Sanctions

Jul 8, 2026

72 min

Jul 8, 2026 21:30

US and Iran trade strikes: Trump says ceasefire ‘over’ after attacks on vessels in Hormuz, Bahrain and Kuwait

## US Strikes Iran After Shipping Attacks

The United States has launched a series of military strikes against Iran following attacks on commercial vessels near the Strait of Hormuz. These actions mark a significant escalation in tensions between the two nations.

## Ceasefire Declared Over

President Donald Trump announced that the ceasefire with Iran is "over" after these incidents. The US military aims to diminish Iran's capacity to threaten navigation in the crucial waterway.

## Iranian Targets Hit

The strikes reportedly targeted key Iranian military sites, including air defense systems and missile positions. Explosions were heard in several southern Iranian cities, including Bandar Abbas and Sirik.

## Oil Sanctions Reimposed

In response to the attacks, the US has reimposed sanctions on Iranian oil exports, revoking a waiver that had allowed limited sales under a previous agreement.

## Regional Reactions

Iran's Foreign Minister reached out to Qatar's Prime Minister to discuss de-escalation, while Bahrain condemned Iran's missile and drone attacks. The Arab Parliament also criticized Iran's actions as violations of sovereignty.

## Economic Impact

The conflict has caused a spike in oil prices, with Brent crude surpassing $80 per barrel. This reflects market concerns over potential disruptions in the global oil supply.

## Diplomatic Efforts

Despite the military actions, Trump expressed hope that the situation would resolve quickly. Pakistan has urged both the US and Iran to adhere to previous agreements and exercise restraint to prevent further escalation.

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