Home World News US-Iran War Highlights: Trump says he is ready for strong military action if Iran talks fail, Axios reports
Tanker explodes in Strait of Hormuz. US pauses Iran bombing, Iran halts attacks.
Oil markets see relief. Iran accuses Ukraine of attacking its vessel. The US may have paused its bombing campaign against Iran, but all is not quiet on the West Asia front.
A tanker explosion was reported in the Strait of Hormuz early Monday, July 27. After 13 consecutive nights of strikes on Iranian military targets, the Pentagon suspended its campaign late on Friday to give diplomacy a chance. A senior Iranian official told Reuters that Tehran would also halt its attacks as long as Washington did the same. The pause offered some relief to oil markets. Brent crude briefly fell below $90 a barrel, sliding as much as 7% in early trading, while West Texas Intermediate dropped towards $80 and was last down around 4%.
Meanwhile, Iranian Foreign Minister Abbas Araghchi accused Ukraine of attacking an Iranian commercial vessel and killing a sailor, calling it a “blatant” violation of the UN Charter. In a post on X, he said he had told EU foreign policy chief Kaja Kallas and Russian Foreign Minister Sergey Lavrov that Kyiv’s action “cannot go unanswered”. Follow our live blog for the latest developments.
