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U.S. Launches Major Strikes on Iran as Strait of Hormuz Closure Halts Global Trade

The U.S. military hits 140 targets after the IRGC closes the Strait of Hormuz, leaving 6,000 seafarers stranded and global energy markets in flux.

July 12, 2026 at 2:00 PM

The conflict between the United States and Iran has escalated sharply over the last 24 hours following the Islamic Revolutionary Guard Corps (IRGC) navy's decision to close the Strait of Hormuz. The closure came after a targeted attack on the Cyprus-flagged vessel M/V GFS Galaxy, which sustained heavy fire and engine damage. In response, U.S. Central Command (CENTCOM) executed its third and largest round of strikes this week, hitting 140 targets across Iran, including port facilities and two major railway bridges in the northeast. President Donald Trump officially declared the previous ceasefire 'over' while maintaining that the door for negotiations remains ajar. However, the White House has issued a firm ultimatum demanding Iran apologize for its recent strikes and reopen the maritime chokepoint by the end of July 12. Defense Secretary Pete Hegseth reaffirmed the administration's military posture, stating that Iran would pay for its 'poor choice' to escalate hostilities. The blockade has triggered an immediate crisis in global energy markets, as the Strait of Hormuz facilitates roughly 20% of the world's oil and liquefied natural gas (LNG) trade. Approximately 6,000 seafarers are currently stranded in the region as all maritime traffic has been halted. While Qatari mediators are attempting to salvage a diplomatic path forward, official delegations from the U.S. and Iran have departed talks in Oman without reaching a breakthrough.

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