The US has launched a third night of strikes on Iran and reimposed a maritime blockade on the nation's ports, with President Donald Trump saying the Strait of Hormuz remains open to all except Iranian ships. Iran says the interim peace deal has been destroyed.
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Key facts
- The US launched a third night of strikes on Iran, according to the Guardian.
- Trump announced a renewed maritime blockade and said shipping routes are open to all except Iranian ships.
- The US issued new Iran-related sanctions.
- Iran's deputy foreign minister accused the US of destroying the interim peace deal, per Al Jazeera.
- Oil prices rose to their highest point since the two countries agreed a peace deal.
The United States has carried out a third consecutive night of strikes on Iran and reinstated a blockade of the country’s ports, according to the Guardian, marking a sharp escalation in the renewed conflict between Washington and Tehran.
President Donald Trump announced the new maritime blockade and claimed the shipping route remained open for all vessels except Iranian ships, the Guardian reported. Alongside the military action, the US issued new Iran-related sanctions.
Al Jazeera reported that the US struck new targets in Iran as Tehran hit Gulf states, with the fighting drawing in the wider region around the Strait of Hormuz.
Iran’s deputy foreign minister accused the US of destroying the interim peace deal, saying Tehran now considers itself to have no commitments under the memorandum of understanding, according to Al Jazeera. The statement signals a collapse of the arrangement the two countries had previously reached.
The renewed hostilities have pushed up energy costs. According to the Guardian, the US missile strikes and Trump’s blockade announcement lifted oil prices to their highest point in the month since the two countries agreed a peace deal.
Economists warned that resurgent oil and fuel prices could cement a fourth interest rate rise in Australia this year if Trump’s renewed conflict with Iran is not resolved within a week, the Guardian reported.
Why it matters
A renewed US-Iran conflict centred on the Strait of Hormuz threatens global energy supplies, and rising oil prices can feed through to fuel costs and interest rates far beyond the region. The apparent collapse of the interim peace deal raises the risk of a prolonged and wider confrontation.
Frequently asked questions
Is the Strait of Hormuz still open to shipping?
According to the Guardian, Trump claimed the shipping route is open for all vessels except Iranian ships, following his announcement of a renewed maritime blockade.
What did Iran say about the peace deal?
Al Jazeera reported that Iran's deputy foreign minister accused the US of destroying the interim peace deal and said Tehran now has no commitments under the memorandum of understanding.
How is the conflict affecting oil prices?
The Guardian reported that the strikes and blockade announcement lifted oil prices to their highest point in the month since the two countries agreed a peace deal, with economists warning of possible knock-on effects on interest rates in Australia.
Timeline
- US military says it disabled tanker trying to breach blockade amid new wave of strikes on Iran – Middle East crisis live
The Guardian World: Central Command says US aircraft fired missiles into oil tanker’s smokestack in strait of Hormuz as US strikes Iran for fourth consecutive day Trump again threatens to strike Iran’s power plants amid impasse over strait of Hormuz For a second day in a row, US strikes targeted Ira
- US resumes Iran ports blockade as Gulf attacks continue: What’s the latest?
Al Jazeera: Less than a month after signing an MoU as a step towards peace, the US reinstates a naval blockade on Iranian ports.
- US carries out more strikes on Iran and resumes blockade of nation’s ports – Middle East crisis live
The Guardian World: Donald Trump claims shipping route is open for all except Iranian ships as US issues new Iran-related sanctions Tuesday US launches third night of strikes on Iran as Trump announces Hormuz blockade Resurgent oil and fuel prices could cement a fourth interest rate rise in Australi
- US reimposes blockade on Iranian ports, launches more strikes
Al Jazeera: Iran's deputy FM accuses US of destroying the interim peace deal and says Tehran now has no commitments under MoU.