US launches fresh strikes on Iran, IRGC closes Hormuz to all vessels

Source Fxstreet

"Ending soon" did not survive the day. Hours after telling Fox News the Iranians had asked him to stop the bombing, Trump was complaining Tehran took "too long to negotiate a deal," warning it would "pay the price," and insisting all Iran has to do is "start signing a paper." By evening, US Central Command confirmed strikes on multiple targets for a second straight day, citing "Iran's unwarranted and continued aggression," while Defense Secretary Pete Hegseth said "key facilities" were being hit and sidestepped a question on whether striking civilian infrastructure would amount to a war crime. Iranian media placed the impacts near Minab and Sirik, on the Strait of Hormuz's doorstep.

Tehran's answer landed on the Islamic Revolutionary Guard Corps (IRGC) Telegram channel: the Strait is "closed to all vessels, including oil tankers and commercial ships," effective immediately, and "any vessel attempting to transit the strait will be targeted." That is a published kill order on a waterway JPMorgan reckons is already running visible traffic at roughly 15% of pre-war levels. It collides head-on with Trump's claim of a month-old "secret mission" that has escorted more than 200 commercial ships through, and with his Energy Secretary's line a day earlier that flows were "rising very meaningfully." One side says the convoys run; the other has now promised to shoot at them.

The day's one genuine diplomatic fact makes it worse: a Qatari delegation flew into Tehran to "bridge the remaining gaps" and was still in the country when the new strikes landed. Whatever channel exists, Washington just bombed through it. President Masoud Pezeshkian called the threats against Iran's power, water and transport "a sign of weakness."

Key Trump and Iran highlights

Trump: US fighter jets flying over Iranian airspace
Trump: Spoke directly with Iranian officials
Trump: Iranians requested I cease bombing
Trump: Airstrikes will end soon
Trump: There might be additional Iran attacks
Trump: Israelis not involved in Iran strikes

Iran's Navy: No vessel should move from its anchorage in the Persian Gulf and the Sea of Oman. Approaching the Strait of Hormuz will be considered as cooperating with the enemy
Iran's Navy: Hormuz will be closed until further notice
Iran state media citing senior official: No contact between Iranian officials and Trump
Iran: Trump's claim about Iranian officials contacting him is pure falsehood.
Iran state media citing senior official: Trump’s ‘false claim’ of contact with Iranian officials is ‘cover to avoid war against Iran’

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Author  Mitrade
Dec 26, 2025
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
placeholder
Finding The Best Japan Stocks to Buy? These are Top Japanese Companies to Watch Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
Author  Mitrade
May 29, Fri
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
placeholder
Gold Price Forecast: Oil Price Breaking $100 Fuels Inflation Concerns, Will Gold Prices Fall Further?As of the Asian session on July 24, gold prices ( XAUUSD) fell continuously during intraday trading, briefly approaching the $4,000 mark. Looking at the chart, gold prices rebounded this
Author  TradingKey
Jul 24, Fri
As of the Asian session on July 24, gold prices ( XAUUSD) fell continuously during intraday trading, briefly approaching the $4,000 mark. Looking at the chart, gold prices rebounded this
placeholder
Gold declines despite easing concerns over inflation, interest rate hikesGold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
Author  FXStreet
4 hours ago
Gold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
goTop
quote