Maritime tensions stayed elevated. Iran’s Revolutionary Guards fired at least two missiles at commercial ships in the Strait of Hormuz on Monday night, damaging two vessels with no casualties, Axios reported.
Separately, a tanker caught fire after being hit by an unknown projectile off Oman’s Limah, UKMTO said. Iranian broadcaster IRIB claimed the struck tanker had been attempting the Omani route “with the support of the US Navy” and was hit after ignoring warnings. EASA had extended its regional flight warning until July 8, while Iran’s Foreign Ministry called Germany’s remarks on Hormuz “utterly shameful.”
Markets reflected the unease: Asian stocks fell on Tuesday July 7 despite a strong Samsung profit outlook, while oil edged higher as traders weighed supply growth against easing tensions. Bloomberg Economics projected elevated global interest rates through 2028 due to the war’s fallout.
Elsewhere, Hamas accused Israel of blocking its Gaza power transfer to a UN-backed committee, while the EU was preparing trade measures on Israeli settlement goods ahead of a July 10 ministerial meeting. Palestinian FM Farsin Aghabekian Shahin pressed the UK for tougher action against Israel during talks in London.
Follow along for more developments in West Asia.
