Summary:Iran-US fighting is sustained but in tit-for-tat pace, with new reported strikes across the Gulf.Trump declares FULL blockade on Iranian ports, while IRGC asserts 'wartime control' of Hormuz.Trump drops 20% transit fee plan; oil prices ease.Multiple tanker attacks over past day again disrupt shipping & cause casualties.Regional conflict expands with reported Houthi missiles on Saudi Arabia.Strait of Hormuz traffic returns to normal by August 31?
Yes 12% · No 89%View full market & trade on Polymarket * * *IRGC: Iran to 'Control Entire Strait in Wartime'Amid ongoing cross-Gulf attacks today between Iranian and US forces, the IRGC says they targeted enemy weapons and parts storages in Bahrain and Kuwait. This after the US appeared to attack some critical Iranian infrastructure on coastal islands.The IRGC has issued a fresh statement via state media on Tuesday, saying that "as long as the US evil stays in the region, not a drop of oil and gas will be exported from the region." It said further, per the press release:US aggression will have no result other than delaying the opening of the Strait of Hormuz.Targeted drone ramp in Kuwait's Ali Al Salem air base; today's attacks in response to US attacks on Iran.ABC is meanwhile reporting during the mid-afternoon (US time) that American airstrikes on Iran have been underway for the last couple of course. And yet still, Iran's IRIB has said that the Islamic Republic "must control the entire Hormuz Strait in wartime".At 3 p.m. ET today, U.S. Central Command forces began launching an additional round of strikes against Iran to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz. The strikes are taking place as American forces prepare to resume the…
