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US and Iran exchange strikes as Hormuz shipping stalls
BBC··13 Jul
BBC reported that the US said it hit dozens of Iranian military targets after Iran struck commercial ships in the Strait of Hormuz, while Iran said it targeted US bases in Jordan, Bahrain and Kuwait plus radar systems. Ship-tracking data showed no commercial vessels had crossed the strait since Sunday evening amid the fighting. according
Prism
What It Means For You
- Fuel and shipping costs may rise if Hormuz traffic stays restricted.
- Indian energy imports and seafarer routes remain exposed to Gulf escalation.
- Global markets are watching overnight US-Iran military exchanges closely.
What's Happening
- The US struck Iranian military sites after Hormuz shipping attacks.
- Iran reported retaliatory hits on US-linked bases in the region.
- Commercial transit through the strait largely halted overnight.
Gulf Escalation
- A June US-Iran memorandum had aimed to end wider hostilities.
- Trump earlier declared the ceasefire over after shipping attacks.
- UN Secretary-General urged maximum restraint by all parties.
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