The United States launched "power strikes" against Iran following a series of attacks by Tehran on commercial ships near the Strait of Hormuz. The US also revoked a sanctions waiver for Iranian oil, calling it a "clear violation" of the Memorandum of Understanding signed last month in June.
"The US strikes are in response to Iranian attacks on three commercial vessels transiting the Strait of Hormuz. Iran's demonstrated aggression was unwarranted, dangerous, and a clear violation of the ceasefire," the US Central Command said on X.
The attacks come as President Donald Trump is in Ankara for the NATO summit.
Here Are Updates On US-Iran War
Iran War Live: Dollar At Week-High After US Resumes Attacks On Iran
The dollar clung to its highest levels of the week against most of its peers at the start of trading in Asia on Wednesday as the US renewed strikes on Iran, renewing geopolitical tensions and sending oil prices higher.
The dollar index, which measures the greenback's strength against a basket of six currencies, traded at 101.18, its highest level since July 2.
The bids for safe haven currency came after the US unleashed a new wave of strikes against Iran on Tuesday and revoked a licence allowing the country to sell oil after three tankers were attacked in the Strait of Hormuz.
Iran War Live: Iran Condemns US Revocation Of Oil Sanctions Waiver
Statement by the Ministry of Foreign Affairs on the United States' Explicit Violation of Paragraph 10 of the Islamabad Memorandum of Understanding
... The Ministry of Foreign Affairs of the Islamic Republic of Iran, while warning of the consequences of the United States' breach of the agreement, will take any action it deems necessary to safeguard its national interests and security.
Iran War Live: Hitting Iranian Weapon Launch Sites, Air Defences: US Official
US is hitting Iranian weapon launch sites, air defenses and more in strikes expected to last for hours, US officials say, reports AP.
Iran Warns Of "Decisive" Action After US Strikes Around Strait Of Hormuz
Iranian state media on Tuesday reported a series of explosions heard in the Strait of Hormuz region, moments after US officials announced "powerful" strikes on Iran.
Iran War Live: US Oil Prices Jump After US Launches Strikes Against Iran
US oil prices jumped nearly 3% in early trade on Wednesday, extending the previous session's gains, after the US military launched a series of strikes against Iran, heightening concerns that a fragile truce was faltering.
The strikes against Iran were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz, US Central Command said on Tuesday.
US West Texas Intermediate crude was up $1.95, or 2.8%, at $72.39 a barrel as of 2215 GMT.
Iran War Live: Iran Reports Explosions On Sites Around Strait Of Hormuz
Iranian state media on Tuesday reported a series of explosions heard in the Strait of Hormuz region, moments after US officials announced "powerful" strikes on Iran.
IRIB news reported six explosions were heard on the Iranian island of Qeshm, seven explosions were heard in the city of Sirik and more were heard in the major port city of Bandar Abbas.
Iran War Live: US Says It Has Launched "Powerful Strikes" Against Iran
U.S. Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway. The U.S. strikes are in response to Iranian attacks on three…
— U.S. Central Command (@CENTCOM) July 7, 2026
