usiranwarescalation

Shares of major US cruise operators rallied on Thursday after President Donald Trump called off the planned military strikes against Iran.
Carnival Corp's shares surged by 6.1%, Norwegian Cruise Line by 5.9%, and Royal Caribbean by 5.3%.
On Thursday, Trump backed off the attacks he had promised on Iran, scrapping the strikes and bombings set for the evening. The President stated that 'the negotiations and final terms' of a peace agreement with Iran were 'approved by all parties involved.'

The U.S. Armed Forces resumed strikes on targets in Iran on the evening of Wednesday, June 10. "These strikes are in response to Iran's unjustified and ongoing aggression," stated the U.S. Central Command (CENTCOM) in a post on social media X.
According to command, the operation kicked off at 5:15 PM Eastern Time (11:15 PM in Berlin). Just prior to that, new attacks on Iran were announced by the White House chief, Donald Trump. Following Trump's statements, U.S. Secretary of Defense Pete Hegset also threatened Tehran with new strikes, noting that the aim of the announced attacks is not to reignite war, but to create conditions for a deal, as reported by dpa.

Oil prices have bounced back during Asian trading on Wednesday after new strikes by the US on Iran, in response to the downing of an American helicopter, heightened concerns about supply and cast doubt on the fragile ceasefire.
As of 03:28, Brent crude futures for August delivery rose by 1.4% to $92.73 per barrel, while American WTI crude futures also climbed 1.4%, reaching $89.44 per barrel.

The US and Iran, despite the ongoing ceasefire, exchanged blows again on the night of Saturday, June 6, in the Persian Gulf region. According to US sources, Central Command (Centcom) intercepted six ballistic missiles launched by Iran targeting US-allied states in the Gulf - Kuwait and Bahrain - while one missile missed its target.

The House of Representatives – the lower chamber of the U.S. Congress – has approved a resolution that prevents President Donald Trump from continuing the war with Iran without Congressional approval. For the first time, the lower house has pushed back against the White House's stance on this conflict, CBS News reported on Wednesday, June 3.

One of the biggest clashes since the ceasefire on April 8 happened between the US and Iran. The Iranian Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles and drones at neighboring Gulf states—Kuwait and Bahrain—on the night of Wednesday, June 3. According to Tehran, the targets were US military bases in the region.

US President Donald Trump gave Israeli Prime Minister Benjamin Netanyahu a serious verbal smackdown over the breakdown of the ceasefire in the Middle East during a phone call. This was reported on Monday, June 1, by the American portal Axios citing sources. According to them, among other things, the Republican referred to the Israeli leader as "crazy."

On Tuesday, Brent oil prices are climbing after a dip at the start of the week. U.S. military operations in southern Iran and conflicting statements from Trump about the negotiations between Tehran and Washington continue to keep traders on edge, reports CNBC.
At 10:45 AM London time, July futures for the benchmark international brand Brent surged by 3.4%, reaching $99.39 per barrel. Meanwhile, July futures for American WTI crude traded at $92.85 per barrel, down 3.9% compared to Friday's close (trading for WTI was halted on Monday due to the Memorial Day holiday in the USA).

The ceasefire between the U.S. and Iran remains intact, despite the U.S. military's strikes on missile installations and boats in the southern part of the country near the Strait of Hormuz on the night of Tuesday, April 26. This was reported by Fox News citing two sources.
According to another source from the channel, during the attack, the U.S. military took out two IRGC boats that were trying to lay mines in the Strait of Hormuz. He also noted that the strike on the missile installation came after it locked onto U.S. military aircraft.

Iran warned that it would retaliate beyond the Middle East if the US or Israel resumes attacks against it, following further threats from US President Donald Trump, according to Bloomberg.
Late Tuesday evening, May 19, Trump stated that he might order a new series of strikes on Iran in the coming days in an attempt to force Tehran to make concessions regarding its nuclear program and reopen the Strait of Hormuz.

On Tuesday, May 19, the U.S. Senate pushed for a full vote on a resolution that would require President Donald Trump to either cease all military actions against Iran or obtain official congressional approval to use force. If the resolution passes, Trump would need to sync up with Congress for any future military maneuvers in Iran, according to CNN.

Oil prices surged during early Asian trading on Tuesday following reports of new US strikes on Iran, overshadowing hopes for a quick deal to open the Strait of Hormuz.
Brent crude futures for July delivery opened up nearly 2%, hitting $97.84 per barrel at 03:03 Moscow time, while West Texas Intermediate (WTI) futures increased by 1.2% to $91.40 per barrel. WTI futures were not traded on Monday due to the holiday in US markets.

US military conducted strikes on locations in southern Iran "in self-defense", including rocket launch sites and vessels trying to lay mines, stated CENTCOM spokesperson Tim Hawkins.
CENTCOM, the Central Command of the US Armed Forces, reported on the night of Tuesday, May 26, that the American military executed strikes on targets in southern Iran, including rocket launch sites and vessels attempting to lay mines.

"The USA and Iran will sign an interim agreement to end the conflict and open the Strait of Hormuz for maritime shipping on Sunday, June 14," said President Donald Trump on the social network Truth Social.
"The signing of the agreement is scheduled for tomorrow, and right after that, the Strait of Hormuz will be OPEN FOR ALL," he wrote.

The U.S. Navy detained a cargo ship flying the Iranian flag in the Gulf of Oman, "making a hole" in its engine room, U.S. President Donald Trump reported on the social network Truth Social.
The American destroyer with guided missiles intercepted the cargo ship TOUSKA, which was attempting to break through the American naval blockade, Trump wrote. The Iranian crew refused to comply with the demand and stop. "Therefore, our Navy's ship stopped them right there, making a hole in the engine room," he added. According to Trump, the vessel, which is on the sanctions list of the U.S. Department of the Treasury, is now under the control of the American military.

A cargo ship was targeted early Sunday morning, May 10, about 23 nautical miles northeast of Qatar's capital Doha, reported the UK's Maritime Trade Operations (UKMTO). A small fire broke out on board but was quickly extinguished. There were no casualties or environmental damage.

Oil prices continued to pump up during the Asian trading session on Thursday, with no signs of new talks between the US and Iran, while shipping activity in the Strait of Hormuz remains minimal after the attacks on vessels this week.
Oil showed some wild swings earlier in the week before closing bullish on Wednesday after US President Donald Trump announced an indefinite extension of the ceasefire with Iran. However, this was accompanied by the exit of Washington and Tehran from potential peace talks in Pakistan.

US President Donald Trump considers the war with Iran finished, as he informed Congress on Friday, May 1st, according to the Associated Press (AP). This day marked the deadline for Congress to approve the continuation of military conflict with Iran. "Military actions that began on February 28, 2026, are halted," Trump stated in a letter to House Speaker Mike Johnson and Acting Senate President Chuck Grassley.