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The escalating conflict between America and Iran has shaken global markets. 13 July 2026 US President to Donald Trump Announced the end of the ceasefire with Iran. Along with this, they imposed blockade on Iranian ports and ships passing through the Strait of Hormuz. 20 percent Announced imposition of fee. Due to this situation, there has been a huge jump in the prices of oil in the international market, while a decline in the price of gold has been recorded.

Military action and counter-attacks

US military command CENTCOM Has started air strikes on Iran’s military bases. Air-defense systems, radar sites and missile sites were targeted in these attacks. For the first time, the US Navy has used suicidal sea and aerial drones in these attacks. The US military claims that Iran does not control the Strait of Hormuz.

In response to this, Iran Persian Gulf Strait Authority (PGSA) Has announced the closure of this sea route. There itself, IRGC has warned of targeting US military bases in Jordan, Bahrain, Kuwait and Oman, including Jordan’s Prince Hassan Air Base also includes.

Crisis on peace talks

The peace talks and agreement reached in mid-June now appear to have failed completely. Iranian Foreign Ministry spokesperson Esmaeil Baqaei Said that Iran followed the agreement, while the US violated the terms. Currently, mediation efforts are going on through Qatar, Pakistan and Oman. On the other hand, the US has warned Iran that if they do not declare to keep the Strait of Hormuz open and stop attacks on commercial ships, they will have to face serious consequences.