HomeEverythingEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

US, Iran exchange fire; dispute Strait of Hormuz passage

Created at 13 Jul · 11:51 AM1 source↑ Market-relevant
IN SHORT

The US military launched new strikes against Iran amid escalating tensions over the Strait of Hormuz. Iran condemned the attacks, stating they undermined diplomatic efforts and disrupted shipping, while the US asserted its forces were safeguarding navigation. The Strait's passage remains a point of contention.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

71age of Lindsey Graham at death
3January end date for Graham's Senate term
11August date for special primary election
78age of Sam Neill at death
150Sam Neill's career credits
31buildings on NYC's Upper East Side with Legionnaires' disease order
200campers rescued from Missouri flash flooding
69seconds into the first round Conor McGregor's fight ended

Who's Involved

Donald Trump
commented on US strikes against Iran
Iran
condemned US strikes and claimed Strait of Hormuz passage was impossible
US military
launched strikes against Iran and positioned forces to safeguard navigation
Jordan's army
shot down four Iranian missiles
Kuwait’s military
responded to hostile aerial targets
Lindsey Graham
US senator who died aged 71
Henry McMaster
South Carolina governor to appoint replacement senator
Annie Andrews
Democratic nominee for Senate in South Carolina
Sam Neill
New Zealand actor who died aged 78
Ro Khanna
US congressman detained by settlers and soldiers in Israel
Mitch McConnell
US senator hospitalized after a fall
Martha Lillard
last known US polio survivor using an iron lung, died aged 78
Conor McGregor
UFC fighter whose return ended due to knee injury
Alyssa Oursler
reporter covering Minneapolis protests

↳ Why This Matters

The exchange of fire between the US and Iran, particularly concerning the Strait of Hormuz, raises significant geopolitical risks and threatens global energy supply chains. The dispute over passage through this vital waterway could lead to further escalation and impact international commercial shipping.

Key facts

  • The US military launched new strikes against Iran amid escalating tensions.
  • Iran condemned the attacks, stating they undermined diplomatic efforts and disrupted shipping.
  • Iran claimed passage through the Strait of Hormuz was impossible due to recent US military movements.
  • The US asserted its forces were safeguarding freedom of navigation and an expanded southern route was available.
  • Iran responded to the strikes by attacking regional countries hosting US military forces.
  • Jordan reported shooting down four Iranian missiles, and Kuwait's military responded to hostile aerial targets.

The United States military has conducted a new series of attacks against Iran, escalating tensions over the Strait of Hormuz. Iran's foreign ministry condemned the strikes, stating they had "rendered futile all efforts of the past few months to reduce tension and establish peace in the west Asian region" and caused "the return of insecurity in the strait of Hormuz and disruption of international commercial shipping." Donald Trump commented that "We’re beating them ​up" as oil prices surged.

Iran had previously stated on Sunday that passage through the Strait of Hormuz was not possible due to what it described as recent illegal US military movements. The US, however, maintained that its forces were positioned to safeguard freedom of navigation and reiterated guidance that an "expanded" southern route near the Oman coastline remained available for two-way traffic, despite a severe security threat.

In response to the US strikes, Iran reportedly attacked countries in the region that host US military forces. Jordan's army announced it had shot down four Iranian missiles, while Kuwait's military reported responding to "hostile aerial targets" on Monday as Iran carried out strikes on US interests in the Gulf.

In separate news, US Senator Lindsey Graham, a key ally of Donald Trump, has died at the age of 71. Graham, who had served in the Senate since 2003, was running for re-election. South Carolina Governor Henry McMaster will appoint a successor to serve the remainder of Graham's term. Versatile New Zealand actor Sam Neill, known for his roles in "The Piano" and "Jurassic Park," has also died at the age of 78. Neill had recently announced he was cancer-free after being diagnosed with a type of blood cancer in 2022.

Other news includes US congressman Ro Khanna stating that Israel's IDF is lying about his detention by settlers and soldiers, Senator Mitch McConnell revealing a fall led to his hospitalization, the Guggenheim Museum testing positive for Legionnaires' disease, flash flooding in Missouri resulting in one death and the rescue of 200 campers, and Martha Lillard, the last known US polio survivor using an iron lung, dying at 78.

In sports, Conor McGregor's UFC return ended after 69 seconds due to a knee injury. In Minneapolis, protesters are being charged with conspiracy by the Trump administration's Department of Justice for opposing an ICE crackdown. The article also touches on life among garbage mountains in Jakarta, the use of generative AI in music, and concerns over carbon storage projects in rural Indiana.

Frequently asked questions

The Strait of Hormuz is a vital waterway connecting the Persian Gulf to the open ocean, crucial for global oil transportation. Control or disruption of this strait has significant implications for international energy markets.

Iran has stated that passage through the Strait of Hormuz is not possible due to what it calls recent illegal US military movements, and has accused the US of causing insecurity and disrupting international commercial shipping.

The US states its forces are positioned to safeguard freedom of navigation and has reiterated that an "expanded" southern route near the Oman coastline is available for two-way traffic, despite security threats.

South Carolina's governor, Henry McMaster, will appoint a new senator to serve out the remainder of Graham's term. A special primary election will be held on August 11 to determine candidates for the November ballot.

What Happens Next

01South Carolina's governor will appoint a new senator to serve the remainder of Lindsey Graham's term.
02A special primary election will be held on August 11 to determine candidates for Graham's replacement.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

US military launched fresh attacks against Iran.
Iran condemned the strikes, stating they rendered diplomatic efforts futile.
Iran claimed passage through the Strait of Hormuz was impossible due to US military movements.
The US stated its forces were positioned to safeguard freedom of navigation.
Iran responded to the strikes by attacking countries hosting US military forces.
Jordan reported shooting down four Iranian missiles.
Kuwait's military responded to hostile aerial targets amid Iranian strikes on US interests.

Sources

T1
First Thing: US and Iran exchange fire and disagree on whether strait of Hormuz is openThe Guardian

Related Stories

US and Iran trade attacks as Strait of Hormuz dispute deepens
13 Jul · 2:51 AM
Crew member missing after container ship hit in Strait of Hormuz
13 Jul · 11:37 AM
Iran threatens to abandon US deal if Washington violates commitments
13 Jul · 8:06 AM
Iran warns any launch point for US attacks will be 'legitimate target'
13 Jul · 12:21 AM
FTSE 100 to drop as Iran closes Strait of Hormuz amid escalating strikes
13 Jul · 5:41 AM