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U.S. Intensifies Iran Conflict with Naval Blockade and Fourth Day of Airstrikes

President Trump replaces proposed shipping tolls with Gulf investment deals as U.S. airstrikes and a total naval blockade of Iran begin.

July 15, 2026 at 10:30 AM

The conflict between the United States and Iran escalated sharply over the last 24 hours as the U.S. military entered its fourth day of sustained airstrikes against Iranian targets. Simultaneously, U.S. Central Command (CENTCOM) began enforcing a total naval blockade of Iranian ports as of 4:00 PM ET on July 15. Under the terms of the blockade, U.S. forces are authorized to board and confiscate any vessel attempting to enter or depart from Iranian waters. In a significant diplomatic shift, President Trump announced he has scrapped the proposed 20% "United States Reimbursement Fee" on shipping in the Strait of Hormuz, opting instead for multi-billion dollar investment and trade commitments from Gulf allies like Saudi Arabia and the UAE. Iran has reacted with force, as the Islamic Revolutionary Guard Corps (IRGC) launched retaliatory missile and drone strikes against U.S. bases in Bahrain, Jordan, and Kuwait. Specifically, the IRGC claimed to have destroyed U.S. MQ-9 surveillance drones and fighter jet shelters at a facility in Jordan. Tehran further declared the Strait of Hormuz closed to all traffic, citing U.S. aggression. Tensions are expected to rise further following President Trump's warning that strikes will expand to target Iranian civilian infrastructure, including power plants and bridges, starting next week if a diplomatic resolution is not reached.

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