The Strait of Hormuz recorded its first tanker casualty from a naval mine this week, while US forces redirected 18 commercial vessels as part of a renewed port blockade targeting Iran. The mine strike and blockade come after a brief pause in attacks between the US and Iran gave way to renewed escalation, including an IRGC ballistic missile launch at US bases in the region.
Iran has signaled it will consider "any action" to maintain control over the Strait, even as talks with Oman on managing shipping through the chokepoint show progress. Oil futures rose 4.4 percent on Jul 28 following the missile attack, reversing the decline that had begun over the weekend when both sides ceased daily strikes.
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- Jul 26 Iran's Foreign Ministry spokesperson says there has been progress in talks with Oman on managing shipping in the Strait of Hormuz.
- Jul 26 After nearly two weeks of bombings, two consecutive nights pass with no US attacks on Iran, and Tehran halts retaliatory attacks in the region.
- LIVEJul 26 Iranian media report that an oil tanker has exploded after hitting a naval mine in the Strait of Hormuz.
- LIVEJul 28 Iran's Islamic Revolutionary Guard Corps launches ballistic missiles at US bases in the region in what US Central Command describes as a surprise attack, with all missiles intercepted.
- Jul 28 US oil futures rise 4.4 percent following the missile attack, reversing the decline that began over the weekend when both sides ceased daily strikes.
- LIVEJul 28 The US military redirects 18 commercial vessels as part of its renewed blockade of Iranian ports.
- Jul 28 Kazem Gharibabadi, Iran's deputy foreign minister for legal and international affairs, warns that Tehran will consider any action to maintain control over the Strait of Hormuz, including the resumption of war.