We are now nearly 24 hours since the United States chose to bomb three nuclear sites across Iran, and the fallout from the bombing is taking shape worldwide. I wanted to provide you with a mid-day update about where things standing. If you want to support my independent journalism, please subscribe today. Your support helps keep this going.
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With that, here’s your mid-day update:
Iran’s parliament voted to shut down the Strait of Hormuz in retaliation for Donald Trump’s attack, raising fears of surging oil prices and possible global recession.
Brent crude oil rose over 10% since mid-June, reaching about $77 per barrel.
Trump’s attack followed Israeli strikes on Iranian nuclear sites, prompting Iranian missile attacks on Tel Aviv.
The Strait of Hormuz handles about 20% of global oil consumption.
The Iranian parliament vote is not binding; the final decision lies with Iran’s supreme national security council.
Analysts predicted an oil price spike of up to $5 even before the vote.
Marco Rubio, the United States Secretary of State, is urging China to tell Iran not to close the Strait.
Ali Shamkhani, adviser to Supreme Leader Khamenei, stated that Iran retains its enriched uranium, indigenous knowledge, and political will despite US attacks.
Shamkhani warned of ongoing "surprises" and advised against "blind strikes."
US Congresswoman Marjorie Taylor Greene criticized Trump’s decision, blaming both Israel and the US for escalating the conflict and calling for peace.
UK, France, and Germany jointly urged Iran to avoid further destabilizing actions and to negotiate on its nuclear program.
The three countries reaffirmed that Iran must never possess nuclear weapons.
Iran’s president Masoud Pezeshkian said the US must “receive a response” for its attacks, in comments to French President Macron.
Iran’s health ministry confirmed injuries from US strikes but reported no radioactive contamination among the wounded.
Israel reported that around 30 fighter jets struck multiple Iranian targets on Sunday.
Targets included the Imam Hussein Strategic Missile Command Center in Yazd (housing long-range Khorramshahr missiles), missile launchers in Bushehr province (site of a massive explosion), Ahvaz in the southwest, and central Isfahan.
Let me know if you have any questions.
Aaron
