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US and Iran trade strikes as Hormuz stays shut
Bloomberg··12 Jul
The United States launched another strike round on Iran after the Revolutionary Guard hit a container ship in the Strait of Hormuz on Saturday. Tehran said the waterway would remain closed until US interference ends. CENTCOM reported roughly 140 targets hit. Iran then attacked US-linked sites in Qatar, Kuwait, Oman, Bahrain and Jordan on Sunday.
Prism
What It Means For You
- If your business depends on imported crude or LNG, even brief Hormuz disruptions can affect freight schedules and insurance premiums on Gulf-bound cargoes.
- Indian nationals crewed the damaged GFS Galaxy. New Delhi said eleven Indians were aboard a vessel struck east of Oman during the latest exchange.
- Households in Gulf cities faced shelter advisories Sunday as governments intercepted missiles aimed at bases that support US operations in the region.
What's Happening
- Iran struck the GFS Galaxy after warning vessels on unapproved routes, then declared Hormuz closed until further notice on Saturday.
- US strikes began about an hour later, hitting missile, drone, naval and surveillance sites across southern Iran in CENTCOM's third weekly round.
- Iran responded with ballistic missiles and drones at Al Udeid in Qatar, Duqm in Oman and facilities in Kuwait, Bahrain and Jordan.
The Numbers Behind It
- More than 300 Iranian targets have been struck across three nightly US operations this week, according to CENTCOM statements cited by multiple outlets.
- Iranian Foreign Minister Abbas Araghchi met Omani leaders Saturday to discuss Hormuz management hours before the latest vessel strike.
- Global chip and energy markets had already seen rerouted shipping after July 8, when traffic on the UN-backed Omani corridor dropped sharply.
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