War Updates

• U.S. forces have launched new strikes targeting Iranian infrastructure, specifically hitting bridges and a railway junction according to Iranian state media. • Iranian official Mohammad Ghalibaf has emphasized that Iran will maintain its claim to the Strait of Hormuz by force if necessary. • The situation highlights a strategic tension where Iran is simultaneously endorsing military resistance and leaving the door open for diplomatic negotiations.

• The U.S. has expanded military strikes deep into Iran, while Tehran has responded with attacks on neighboring Gulf states. • In Khuzestan Province, official Valiollah Hayati reported that strikes caused structural damage to homes and shattered windows in the vicinity of Ahvaz. • Iran has declared the Strait of Hormuz an "unbreakable red line," signaling a high risk of further escalation in a critical global shipping lane.

• President Trump has ordered an additional round of military strikes against Iran while reiterating the U.S. blockade of Iranian ports. • In a significant policy shift, Trump has reversed his previous announcement regarding a 20-percent tariff. • These escalations signal a heightened military and economic confrontation between the U.S. and Iran, further destabilizing regional tensions.

• The U.S. and Iran have reignited military conflict over the Strait of Hormuz following a series of exchanged attacks. • Approximately 180 members of Iran’s Parliament declared a preliminary cease-fire deal void, accusing the U.S. of violating a memorandum of understanding signed last month. • In response to the escalating tensions, the United States prepared to restart a blockade of Iranian ports on Tuesday, July 14, 2026.

• The ASX opened higher despite geopolitical tensions and flaring hostilities between the US and Iran, which have caused oil prices to jump. • Market sentiment was bolstered by the Nasdaq debut of South Korea's SK Hynix, which saw shares rise 14% after raising approximately $US26.5 billion. • Investors are anticipating a strong second-quarter earnings season on Wall Street, with LSEG analysts forecasting a 24% surge in S&P 500 earnings driven largely by technology firms.

• Iran has launched strikes against U.S. military infrastructure in the Middle East following a series of American attacks. • The U.S. military targeted Iranian assets to degrade their capacity to threaten freedom of navigation within the strategic Strait of Hormuz. • This escalation highlights a struggle for political leverage, as Iran seeks to maintain control over the strait to prevent traffic from shifting toward Oman.

• The United States carried out fresh military strikes on Iranian targets for the second consecutive day on Wednesday, escalating tensions in the Strait of Hormuz. • President Donald Trump officially declared the interim memorandum of understanding with Iran "over," signaling a definitive break in diplomatic efforts. • In response to the attacks, Iran has warned the U.S. of "severe punishment," raising the risk of a broader regional conflict involving Israel.