There have been renewed Iranian attacks against ships in the Strait of Hormuz over the past 24 hours.

The reported attacks threaten to unravel a memorandum of understanding signed less than three weeks ago.

Axios emhasized that the US will likely respond by striking targets in Iran

US revokes Iran oil waivers after attacks in the Strait of Hormuz. WTI reaching $110 in July 2026 at 0.7% YES.