US launches military strikes on Iran after tanker attacks in Strait of Hormuz

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The post Crude Oil rediscovers its war premium as the Versailles patch peels off appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) Crude Oil trades near $74.50 on Wednesday, up more than 3.5% and extending a rebound that began at the $68.00 floor in early July. The catalyst is depressingly familiar: The US has begun another series of strikes on Iranian military targets in and around the Strait of Hormuz, and President Trump now describes the Versailles agreement as over while allowing talks to limp on. Energy traders spent three weeks selling the peace; they are spending Wednesday buying the war back. The recursion trade returns Tehran hit three tankers transiting the strait between Monday and Tuesday; Washington revoked the sanctions waiver behind legal Iranian Oil exports and answered through US Central Command (CENTCOM) with strikes on more than 80 targets, from air defences and coastal radar to anti-ship missile batteries and over 60 Revolutionary Guard small boats

The post US launches fresh strikes on Iran appeared on BitcoinEthereumNews.com. The US has begun a fresh series of strikes on Iran, hitting more than 80 targets in and around the Strait of Hormuz only days after the latest patch on the Versailles accord. President Trump now calls the agreement over, even while leaving the door open to talks. Brent trades 6.3% higher and WTI 6.4% higher in response, and the story is no longer any single strike; it is the recursion, a strike-retaliate-re-sign loop that now resets in days rather than months. The loop runs faster each round Tehran hit three tankers transiting the strait between Monday and Tuesday; Washington answered by revoking the waiver behind Iranian Oil sales, then followed with a US Central Command (CENTCOM) package officials describe as four to five times larger than the round ten days ago: Air defences, coastal radar, anti-ship missile sites and more than 60 Revolutionary Guard small boats. Israel’s Kan reports Washington notified

The post Trump Says Iran Ceasefire Is Over—Does That Mean A ‘Return To All-Out’ War? Expert Weighs In appeared on BitcoinEthereumNews.com. President Donald Trump announced at the NATO summit Wednesday that the ceasefire with Iran is over. This came one day after Central Command announced that the U.S. struck over 80 Iranian targets in retaliation for attacks on commercial ships in the Strait of Hormuz. Dr. Rosemary Kelanic, the director of the Middle East Program at Defense Priorities, joins “Forbes Newsroom” to discuss. Watch the full interview above. Source: https://www.forbes.com/sites/forbestv/2026/07/08/trump-says-iran-ceasefire-is-over–does-that-mean-a-return-to-all-out-war-expert-weighs-in/

The post Trump Abruptly Switches Back To Old Air Force One Instead Of Qatari Plane appeared on BitcoinEthereumNews.com. Topline President Donald Trump is for now ditching the new gifted Qatari jet days after his first international flight on the plane, prompting questions about its security capabilities after Trump restarted the war with Iran on Wednesday. President Donald Trump steps off Air Force One upon arrival at Ellesworth Air Force Base in South Dakota on July 3, 2026. (Photo by Mandel NGAN / AFP via Getty Images) AFP via Getty Images Key Facts Trump left Ankara, Turkey, on the old Air Force One jet after flying there on the Boeing 747 gifted to the U.S. by Qatar last year. Trump told reporters in Turkey and said in a post on Truth Social he was flying home on the old plane because the Qatari jet was headed to RAF Mildenhall, a U.S. Air Force base in Suffolk, England, and “two or three” other bases in Europe so service members could tour the aircraft, calling the detour to Engla

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