The Strait of Hormuz crisis lurched deeper into open conflict in the first week of July 2026, as Iranian missiles struck a Qatari LNG carrier and two other tankers, Washington tore up the oil-sales waiver it had signed just three weeks earlier, and US Central Command retaliated with airstrikes on roughly 90 targets along Iran’s southern coast. The June 14 memorandum of understanding that was meant to end the four-month war is now, in Donald Trump’s own words, “over.” Roughly 20% of the world’s seaborne oil and about a third of its LNG normally moves through the 21-mile chokepoint; on some days last week only four tankers transited it, versus 125 to 140 before the war began on February 28.
Key Takeaways
- First Qatari LNG tanker hit since the war began. Iranian missiles struck the Al Rekayyat off Oman on July 7 in the first strike on a QatarEnergy-controlled LNG carrier since February 28. Two other tankers (Wedyan, Cyprus Prosperity) were also hit within 48 hours.
- US oil-sales waiver revoked. The Treasury pulled the general license that let Iran sell oil under the June MoU, with a 10-day wind-down. Brent jumped roughly 3% to about $76/bbl; US crude added nearly 6%.
- US strikes ~90 sites along Iran's coast. CENTCOM hit air-defense systems, coastal surveillance, missile and drone storage and naval logistics in Bandar Abbas, Sirik, Qeshm Island, Konarak and Chabahar.
- Iran retaliates against Gulf states. Iranian drones and missiles targeted US bases in Bahrain, Kuwait and Qatar on July 8. No damage was reported in the Gulf states, but the tit-for-tat has collapsed the June MoU.
- JMIC threat level: severe. The US Navy-led Joint Maritime Information Center raised the transit threat to 'severe' from 'substantial.' Only four tankers crossed the strait early Wednesday, versus a weekly average of 34.
July 2026: MoU Ceasefire on the Brink
Just three weeks after the US and Iran signed a 14-point memorandum of understanding on June 14 meant to end a four-month war, the arrangement is unraveling. In eight days, Iran hit a Qatari LNG carrier and two other tankers, Washington revoked the concession that let Iran sell oil, US Central Command struck roughly 90 targets along Iran’s coast, and Tehran fired on US bases across the Gulf.
Al Rekayyat: First Qatari LNG Tanker Hit (July 6–7)
In the early hours of Tuesday, July 7, a projectile struck the Al Rekayyat, a laden liquefied natural gas carrier owned and managed by Nakilat (Qatar Gas Transport Company Ltd, QatarEnergy’s shipping arm). The vessel was at the mouth of the strait, in the Gulf of Oman roughly 8 nautical miles east of Limah, Oman, when it was hit on the port side at the top of the engine room. The captain issued a Mayday radio call, reporting the engine room on fire and full of smoke. There were no reported casualties, and industry sources said the cargo appeared secure with a low risk of explosion as salvage crews arrived.
It was the first strike on a QatarEnergy-controlled LNG ship since the war began on February 28, and it hit a country that had been mediating the US–Iran talks. Qatar’s foreign ministry called the incident a “clear violation of international law,” summoned the Iranian deputy ambassador, and said Iran bore “full legal responsibility.” Saudi Arabia condemned Tehran the same day.
Wedyan and Cyprus Prosperity: Two More Tankers Struck
Within 48 hours, UKMTO and US officials reported two more attacks. The Saudi-flagged crude oil supertanker Wedyan, operated by Bahri, was struck by an unknown projectile on July 7 while transiting the strait; the vessel remained seaworthy, with cargo secure and no injuries, and continued to its next port. The Liberia-flagged supertanker Cyprus Prosperity was hit by a drone in a separate incident and sustained minor damage. A US official told reporters that Iran had fired at least five drones and missiles at three ships in the strait in a single day. Iran’s Revolutionary Guards also diverted a third vessel that had not coordinated its route with Tehran.
US Revokes Iran Oil Sales License (July 7)
Hours after the attacks, the Treasury Department’s Office of Foreign Assets Control revoked the general license that had authorized the sale of Iranian oil under the June MoU. The revocation, signed by OFAC director Bradley Smith, gave companies until July 17 to wind down transactions already in progress and required payments into a blocked US account. The concession had originally been set to run until August 21.
A US official said Iran’s actions in the strait were “wholly unacceptable” and that the MoU was “entirely performance-based.” Oil markets jumped roughly 3% on the announcement, with Brent nearing $76 a barrel and US crude briefly rising nearly 6% back above $70. The revocation stripped away one of the central concessions that had persuaded Iran to reopen the strait in the first place; the Islamic Republic makes about half of its export revenue from oil.
US Strikes ~90 Sites Along Iran’s Coast (July 8)
Overnight into Wednesday, July 8, US Central Command launched retaliatory airstrikes on roughly 90 sites along Iran’s southern coast. CENTCOM said the operation targeted air-defense systems, coastal radar and surveillance assets, missile and drone storage facilities, naval capabilities and military logistics along the Iranian coast. Explosions were reported in Bandar Abbas and Sirik in Hormozgan Province, on Qeshm Island in the strait itself, and further east in Konarak and Chabahar. Iran’s Press TV also reported blasts at Kharg Island, the country’s main crude export terminal handling 90% of oil shipments, though CENTCOM did not confirm strikes there.
Iranian state TV reported no civilian deaths, but several people were injured by shrapnel from a projectile that hit a commercial pier in Sirik. Fishing piers in Sirik and Bandar Abbas were also damaged. Trump described the strikes as “retribution” for Iran’s targeting of merchant vessels and posted footage of the aftermath on Truth Social. At the NATO summit in Ankara, he declared the three-week-old ceasefire “over.”
Iran Retaliates Against Bahrain, Kuwait and Qatar
Within hours, Iran responded with drone and missile strikes on US bases and facilities in Bahrain (home to the US Navy’s 5th Fleet headquarters), Kuwait and Qatar. Local authorities and CENTCOM reported no damage or casualties in the Gulf states, but the message was clear: any further US action along Iran’s coast would be met by attacks on American installations across the region. Iran’s foreign minister Abbas Araghchi said that “negotiations on a final deal will not commence if threats continue” and told Washington to “honor your signature.” The Secretary of Iran’s Supreme National Security Council called Trump’s threat “delusional.”
Threat Level “Severe” and a Multinational Maritime Mission
The US Navy-led Joint Maritime Information Center raised its Hormuz transit threat level to “severe” from “substantial.” The UN’s International Maritime Organization urged shipowners to avoid the strait “as long as the safety and security of crews cannot be assured” and paused an IMO-led initiative to evacuate the hundreds of vessels still stranded in the Gulf. Only four tankers sailed through the strait in the early hours of Wednesday, compared with a weekly average of 34 ships and 22 on the day of the attacks. Traffic remains far below the pre-war baseline of 125 to 140 vessels a day.
France and Britain announced that they would outline plans for a multinational maritime mission in the Strait of Hormuz at talks between NATO members and Gulf Arab foreign ministers, an implicit acknowledgement that the US-only enforcement model has run its course. At least four oil and gas tankers turned back from attempting to transit the strait after the attacks.
The Crisis in Numbers
- Latest escalation (July 6–8): Al Rekayyat LNG tanker hit → Wedyan and Cyprus Prosperity struck → US revokes oil waiver → CENTCOM hits ~90 Iranian coastal sites → Iran fires on Bahrain, Kuwait and Qatar
- Strait status: JMIC threat level raised to “severe” on July 7; largely closed to normal commercial shipping since late February 2026
- Recent transit volume: 4 tankers early Wednesday July 8, vs. weekly average of 34 and pre-war baseline of 125–140 daily crossings
- Vessels stranded: 600+ in the Gulf, including roughly 325 tankers; ~20,000 seafarers still on board
- Oil at risk: ~20 million barrels/day, about 20% of global seaborne oil trade
- LNG: ~One-third of seaborne LNG; Qatar’s Ras Laffan terminal effectively landlocked
- Brent crude: Around $76/bbl after the July 7 sanctions revocation, up ~3%; US crude briefly above $70 for the first time since June 30
- MoU status: June 14 memorandum declared “over” by Trump on July 8; oil-sales waiver revoked with a July 17 wind-down
- US strike scope (July 8): ~90 sites hit including Bandar Abbas, Sirik, Qeshm Island, Konarak and Chabahar
- US bases hit by Iran: Bahrain (5th Fleet HQ), Kuwait, Qatar (July 8); Bahrain, Kuwait and Jordan (June 10)
- Energy infrastructure: 40+ assets across 9 countries “severely damaged” (IEA)

Interactive Map: Strait of Hormuz Crisis Zone
Explore the crisis zone below. Click on markers to see details about mine fields, tanker attack sites, military positions, IRGC checkpoints, and key energy infrastructure.
The June MoU: A Deal About a Deal That Frayed in Weeks
The framework the July escalation just tore up was signed on June 14 in a 14-point memorandum of understanding, brokered with Qatari and Omani mediation after nearly four months of open war between the US, Israel and Iran. It committed Washington to immediate sanctions relief (including the now-revoked oil-sales waiver, initially valid through August 21) and eventual asset unfreezing in exchange for Iranian demilitarization of the Strait of Hormuz and, in a later final agreement, disposal of highly enriched uranium and binding non-proliferation commitments. As one security analyst put it to Newsweek, the June MoU was in effect “a deal about a deal” and always likely to be fragile.
Tehran had signed the memorandum in the aftermath of the death of Supreme Leader Ayatollah Ali Khamenei, killed alongside members of his family in the joint US–Israeli strikes on February 28. Under the framework Iran began, cautiously, to resume oil exports; between June 10 and July 6, roughly a dozen LNG cargoes exited the strait. But Iran also insisted that any commercial vessel using routes not coordinated with Tehran was fair game, keeping the IRGC as the de-facto gatekeeper of the waterway. When those attacks resumed in early July, the US pulled the oil concession that had been the MoU’s biggest carrot.
June 2026: The First Direct US–Iran Strikes
The July escalation followed a shorter but sharper exchange in mid-June, the first direct US–Iran strikes centred squarely on the Strait of Hormuz itself.
Apache Helicopter Downed (June 8)
On Monday, June 8, a US Army AH-64 Apache helicopter went down in the sea near the Strait of Hormuz while patrolling the waterway. President Trump said the following day that the aircraft had been shot down by Iran; two US officials told CBS News that an armed Iranian Shahed drone struck the helicopter overnight. Both crew members were rescued within roughly two hours by an uncrewed US Navy drone boat, believed to be the first combat rescue of its kind, and were reported uninjured.
US Retaliatory Strikes (June 9)
Vowing to “respond to this attack,” Trump ordered strikes that hit Iran on Tuesday night. US Central Command said American forces struck Iranian air-defense systems, ground-control stations, and surveillance radar sites near the Strait of Hormuz, targeting the very assets Iran used to monitor and threaten shipping through the chokepoint.
Iran Strikes Back at Gulf Bases (June 10)
Early Wednesday, Iran’s joint military command answered with attacks on US military bases in Bahrain, Kuwait, and Jordan, widening the confrontation beyond the strait. The tit-for-tat pushed both sides toward the negotiating table that produced the June 14 MoU four days later.
April 2026: Blockade, Ceasefire and Tanker Attacks
US Navy Blockade (April 12–15)
Following the collapse of the first round of peace talks, President Trump ordered a full naval blockade of Iranian ports at the Strait of Hormuz. The blockade became operational within hours. US Central Command reported the blockade was “fully implemented,” with no ships passing through the enforcement zone over a 24-hour period on April 14. Six merchant vessels complied with orders to turn around during the first days of enforcement, though shipping data suggested at least four Iran-linked vessels crossed the waterway despite the blockade. Iran was estimated to be losing $435 million per day from the halt to economic trade.
Peace Talks Collapse (April 12)
On April 12, high-stakes peace talks between the US and Iran collapsed in Islamabad, Pakistan, after 21 hours of marathon negotiations. US Vice President JD Vance, leading the American delegation, announced the failure, stating that no agreement could be reached on key issues including Iran’s 10-point plan for ending the conflict. In response, President Trump threatened to blockade the Strait of Hormuz and warned of further military action. Two empty supertankers attempting to transit the strait made U-turns immediately after the announcement. Iran’s Revolutionary Guard reiterated a “shoot at sight” policy for unauthorized vessels.
The April 8 Ceasefire
A two-week ceasefire between the US and Iran was brokered by Pakistan and officially announced on April 8, the first pause in hostilities since airstrikes began on February 28. Key terms included a 14-day duration, safe passage for vessels coordinated with Iranian forces, and a framework for talks on Iran’s 10-point peace plan (including US asset unfreezing and toll rights in the strait). Compliance was limited from the start: in the first 24 hours after the ceasefire, only 10 vessels transited the strait, including just 4 tankers.
Iran’s Toll Law and Safe Passage Deals
On April 4, Iran’s Parliament Security Committee formally approved a draft bill to impose transit tolls on commercial vessels. The “law of strategic action for peace and development of the Persian Gulf” would charge fees based on vessel type and cargo, with revenues distributed as “war reparations.” Legal experts noted the law violates Article 26 of the UN Convention on the Law of the Sea, which prohibits charges solely for passage through international straits. Iran separately negotiated safe passage deals with China, Russia, India, Iraq, Pakistan and the Philippines; most Western-flagged vessels have avoided the strait entirely.
Tanker Attacks in April
On April 1, the QatarEnergy-owned fuel oil tanker Aqua 1 was struck by an Iranian cruise missile in Qatari territorial waters near Ras Laffan, causing a fire that was later extinguished with no casualties. On April 4, the IRGC claimed a drone strike on the MSC Ishyka, a container ship linked to Mediterranean Shipping Company, though maritime tracking showed the vessel was not actually hit. Those incidents brought the total to 21 confirmed IRGC attacks on merchant ships since the crisis began.
US Mine-Clearing Operations Begin
On April 11, the US military initiated mine-clearing operations in the Strait of Hormuz. Two Navy destroyers, USS Frank E. Petersen (DDG 121) and USS Michael Murphy (DDG 112), transited the strait to “set conditions” for de-mining, according to US Central Command. Operations continued into April 12, with three US officials verifying progress despite IRGC threats. US officials said fewer than 10 mines had been laid by Iran, a lower number than the earlier estimate of “at least 12.”
New IRGC Naval Base on Qeshm Island
On April 9, the IRGC inaugurated a new naval base on Qeshm Island in Hormozgan Province, east of the Strait of Hormuz. The facility includes six buildings and is intended to consolidate IRGC control over the waterway. The move came just one day after the ceasefire was announced, signaling Iran’s intent to maintain its grip on the strait regardless of diplomatic outcomes. Qeshm was one of the Iranian coastal sites CENTCOM struck on July 8.
UN Security Council: China and Russia Veto
On April 7, the UN Security Council voted on a Bahrain-led draft resolution to enhance maritime security and protect shipping in the Strait of Hormuz. The resolution was vetoed by China and Russia. The final tally: 11 in favor, 2 against (China, Russia), and 2 abstentions (Colombia, Pakistan). The UK expressed “deep regret” over the failure, while Iran’s allies framed the resolution as biased Western intervention.
Global Impact
The IEA’s Executive Director Fatih Birol described the disruption as “the largest supply disruption in the history of the global oil market.” It affects 11 million barrels of oil and 140 billion cubic meters of gas in daily global circulation. The impact extends well beyond energy:
- Fertilizers: About a third of global fertilizer trade passes through the strait. Nitrogen fertilizer prices have risen 30–40%, threatening food security.
- Helium: Qatar’s helium exports (critical for chip manufacturing) remain blocked, threatening semiconductor supply chains.
- LNG: Qatar’s Ras Laffan terminal, the world’s largest LNG export facility, is effectively landlocked. Global LNG supply is down roughly 20%.
- Methanol: One-third of global seaborne methanol trade passes through the strait, disrupting chemical manufacturing and plastics production.
- Aluminum, sulfur, graphite: Critical non-energy commodities are also affected, with knock-on effects for the green energy transition.
What Comes Next
The July 6–8 escalation has pushed the crisis to its most dangerous point yet. The June MoU has been publicly declared “over” by Trump, though a US official said negotiators continue to work in good faith toward a final agreement. The oil-sales waiver winds down on July 17. Whether Tehran responds to the loss of that concession with restraint (to preserve any chance of the deal) or by tightening its grip on Hormuz still further will define the next phase.
Three things are worth watching. First, whether France and Britain’s proposed multinational maritime mission takes shape at the NATO–Gulf ministerial and dilutes the pure US enforcement posture. Second, whether Iran narrows its attacks to non-coordinated shipping (as its foreign ministry suggests) or expands them to Qatari or Saudi cargoes, as the July 7 Al Rekayyat strike did. Third, whether the CENTCOM–IRGC deconfliction channel opened in late June survives an escalation that has now hit both sides’ territory.
The IEA’s Birol put it simply: the reopening of the Strait of Hormuz remains the “single most important” solution to the global energy crisis. As of July 9, it is further from that reopening than it has been at any point since April.
Sources:
July 2026 Escalation
- Reuters – US revokes Iran oil sale license as attacks hit tankers (July 7, 2026)
- Reuters – Iran targets sites in Bahrain, Kuwait after wave of US strikes (July 8, 2026)
- USA Today – US revokes Iran oil waiver after tanker attacks in Strait of Hormuz (July 7, 2026)
- Politico – Trump administration reimposes sanctions on Iran oil sales (July 7, 2026)
- CNN – Trump admin reimposes oil sanctions after Iran strikes ships near Strait of Hormuz (July 7, 2026)
- MarineLink – Two Vessels Struck Near Hormuz, LNG Tanker at Risk of Explosion (July 7, 2026)
- MarineLink – Qatari LNG Tanker Remains Stranded After Projectile Strike (July 8, 2026)
- Insurance Journal – Damaged Qatari LNG Tanker Awaits Salvage as Hormuz Risks Escalate (July 8, 2026)
- Newsweek – Videos Show US and Iran Strikes as Ceasefire Collapses (July 9, 2026)
- Times of Israel – Iran said to fire at 2 commercial ships in Hormuz, including Qatari gas tanker (July 7, 2026)
- Jerusalem Post – US revokes authorization for Iranian oil sales after Hormuz strikes (July 7, 2026)
- Bloomberg – Qatari LNG Ship Struck in Strait of Hormuz, Testing US Talks (July 7, 2026)
June 2026 Ceasefire, MoU and Earlier Strikes
- MarineLink – US and Iran Sign MOU to Settle War, Hormuz Traffic Expected to Pick Up (June 15, 2026)
- NPR – Trump confirms Iran shot down US helicopter, says US must respond (June 9, 2026)
- Al Jazeera – US attacks Iran after Apache helicopter downed in Strait of Hormuz (June 9, 2026)
- CBS News – US Apache shot down by Iran; crew rescued by sea drone (June 9, 2026)
- MarineLink – Three More LNG Tankers Transit via Strait of Hormuz (June 11, 2026)
April 2026 Blockade, Ceasefire and Tanker Attacks
- Reuters – US Navy enforces blockade of Iranian ports at Strait of Hormuz (April 13, 2026)
- NPR – US-Iran peace talks in Islamabad collapse (April 12, 2026)
- Al Jazeera – US-Iran ceasefire deal: What are the terms? (April 8, 2026)
- Reuters – Tanker hit by projectiles off Qatar (April 1, 2026)
- The Maritime Executive – Iran claims to have hit MSC container ship (April 4, 2026)
- Reuters – US begins mine clearance operations in Strait of Hormuz (April 11, 2026)
- UN News – Security Council votes on Hormuz shipping resolution (April 7, 2026)