← July 13, 2026 briefingWorld
US launches fresh strikes on Iran as Hormuz standoff deepens
The US has launched a new wave of military strikes against Iran, targeting port cities and military infrastructure as a June ceasefire deal visibly collapses. Iran has declared the Strait of Hormuz closed and is demanding fees from vessels seeking to pass, while Tehran says US pressure on Oman torpedoed weekend diplomacy in Muscat. Oil prices have jumped on fears the world's most critical oil shipping lane — through which about 20% of global crude passes — could remain disrupted.
MarketWill the U.S. invade Iran before 2027?
Will the U.S. invade Iran before 2027?18% chance
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