The United States carried out another round of strikes on Iran, with military officials stating the action was intended to further degrade
Iran’s ability to threaten freedom of navigation
in the Strait of Hormuz, as reported by nbcnewyork.com. The military escalation followed a flare-up of hostilities in the region, including attacks on commercial vessels and a subsequent U.S. response.
U.S. Resumes Airstrikes Against Iranian Assets in the Strait of Hormuz
According to nbcnewyork.com, U.S. Central Command stated that previous operations struck Iranian targets including air-defense systems, radars, and over 60 small boats used by Iran’s paramilitary Revolutionary Guard. Additional reports indicated that a powerful two-hour bombing raid hit dozens of military command centers, missile and drone facilities, and surveillance and defense sites, according to Metro. Iran’s official IRNA news agency reported that three people were killed and two were wounded in a strike on the island of Qeshm, located near the Iranian mainland in the Strait of Hormuz.

President Trump Declares Ceasefire Over and Warns of Further Action
President Donald Trump announced that the interim agreement to end the war is over following the renewed attacks. Speaking during the NATO summit in Ankara, Turkey, Trump told reporters, We hit them very hard last night, and we'll probably hit them hard again tonight,
as cited by Time.

In posts on Truth Social and in subsequent remarks, Trump warned, If it happens again, it will get much worse!
as noted by Time and nbcnewyork.com. When asked about the Memorandum of Understanding signed on June 17, Trump declared that the deal was finished and expressed frustration with Iranian leadership, stating, I think it’s over. I don’t want to deal with them anymore.
Trump also renewed threats to target Iranian civilian infrastructure—including electric plants and desalinization plants—and reiterated the possibility of taking over Kharg Island, which serves as Iran’s main oil terminal and handles approximately 90% of the country’s oil exports. Iranian Deputy Foreign Minister Kazem Gharibabadi responded on X by stating that Trump’s remarks are not a sign of power but an admission of the failure
of U.S. policy toward Iran, according to nbcnewyork.com.
Economic Impact and Global Market Reactions
The resumption of hostilities and the collapse of the interim ceasefire agreement immediately rattled global markets. Oil prices surged following the developments, with Brent crude futures rising more than 8% to push the benchmark well above $90 a barrel, marking one of the sharpest spikes of the five-month war before retreating slightly on Thursday, according to Metro.
The Strait of Hormuz remains a critical global shipping lane, with a fifth of the world’s traded oil and natural gas passing through the waterway prior to the conflict. Observers noted that the ongoing exchange of fire and the widening scope of military engagements have heightened concerns regarding regional stability, international maritime commerce, and the security of commercial shipping crews operating in the area.