Iran responded to a new wave of strikes by US forces over the weekend by launching an attack on US military bases in several Gulf states, deepening the impasse over the peace issue. strategically vital Strait of Hormuz.
The latest exchange casts even more doubt on the future of the interim peace agreement signed last month, an agreement that aimed to pave the way for reopening the Strait of Hormuz and ending the war after 60 days of negotiations.
The Iranian strikes targeted US bases in Kuwait, Bahrain, Jordan, Oman and Qatar, according to the country’s state media, describing them as retaliation for the resumption of US bombing.
Sirens sounded for the third time in Bahrain on Monday, Reuters reported, citing the country’s interior ministry. The Islamic Revolutionary Guard Corps (IRGC) said it targeted US military installations in Bahrain and radar systems in Oman in its latest retaliatory attacks.
US Central Command said On Sunday, American forces managed to hit dozens of targets in several locations to degrade Tehran’s ability to continue attacking ships crossing the Strait of Hormuz.
US forces for the first time struck Iran’s military air defense systems, coastal radar sites, missile and drone capabilities and small boats using US fighter jets, military ships, one-way aerial attack drones and one-way maritime attack drones, Centcom said in an article on X.
The United States and Iran have also issued conflicting versions on whether the Strait of Hormuz remains open to navigation.
This image capture from AFPTV video footage from July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the east coast of the United Arab Emirates at Khor Fakkan.
– | Afp | Getty Images
Located in the gulf between Oman and Iran, the Strait of Hormuz is recognized as one of the largest in the world. critical energy choke points. This narrow waterway typically handles about 20% of the world’s oil traffic.
Oil price sautéed Monday morning, as the latest round of attacks and counterattacks reignited fears of further disruption to flows through the Strait of Hormuz.
International reference Brent crude Futures contracts delivered in September advanced 2.8% to trade at $78.14 a barrel, paring gains from earlier in the session. WE West Texas Intermediate Futures contracts with delivery in August gained 2.5% to $73.24.
“The era of unilateral agreements is over. We told you: keep your word or pay the price. Reality hits,” declared the speaker of the Iranian Parliament, Mohammad Bagher Ghalibaf. said Sunday in a post on social networks.
Ghalibaf’s comments were posted alongside an image of Article 5 of the American-Iranian memorandum of understanding, which concerns the reopening of the Strait of Hormuz.
American President Donald Trump Friday said The United States and Iran agreed to continue peace negotiations, but said the ceasefire established in last month’s peace deal had been abandoned.
Iran accuses the United States of exerting pressure on OmanIran’s Foreign Ministry on Monday condemned the U.S. attacks over the past 24 hours, saying the bombings pose a “serious threat to international peace and security” and have “rendered all efforts over the past months to reduce tensions and establish peace in the West Asian region in vain.”
Iran also accused the United States of exerting “overt and covert pressure” on Oman, thereby preventing recent talks in Muscat aimed at the two countries establishing arrangements for the management of the Strait of Hormuz and sea lanes.
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A White House spokesperson was not immediately available for comment when contacted by CNBC Monday morning.
Located on the southeastern coast of the Arabian Peninsula, facing Iran across the strait, Oman is in joint talks with Iran on a new maritime security order, amid reports that the two countries could push to establish transit fees.
The analysts have told CNBC that Oman’s ability to impose service charges is within strict legal limits, given that the strait is governed by the transit passage principle, which does not allow states to charge for the passage of vessels. However, service fees can be a way around this problem.
—CNBC Emma Graham contributed to this report.
