Iran has told US officials it regrets firing on ships in the Strait of Hormuz and wants to keep diplomatic channels open. The US, for its part, expects Iran to go further and formally acknowledge the attacks as a mistake before any meaningful negotiations resume.
The diplomatic back-and-forth comes after one of the most volatile weeks in the region since the original ceasefire was established on June 17, 2026. And for crypto markets, the ripple effects are already landing.
What happened in the strait
On July 6, Iran launched missiles and drones at at least three commercial vessels in the Strait of Hormuz within a single 24-hour window. The US responded swiftly with airstrikes targeting Iranian sites near the strait and revoked an oil sales license that had been part of earlier diplomatic arrangements.
President Trump declared the ceasefire “over” on July 7, publicly questioning whether Iran had ever been serious about negotiations in the first place.
