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2026-07-12

Iran's Supreme Leader's advisor, Rezaei, stated that the Strait of Hormuz is a strategic deterrent, even more important than dozens of atomic bombs. Iran will safeguard this vital waterway.

Iran's Supreme Leader's advisor, Rezaei, stated that the Strait of Hormuz is a strategic deterrent, even more important than dozens of atomic bombs. Iran will safeguard this vital waterway.
2026-07-12

The Russian Defense Ministry said on the 12th that overnight from the 11th to early the 12th Russian forces carried out large-scale strikes that damaged Ukrainian fuel, power and transport infrastructure, long-range drone storage sites, ammunition de

The Russian Defense Ministry said on the 12th that overnight from the 11th to early the 12th Russian forces carried out large-scale strikes that damaged Ukrainian fuel, power and transport infrastructure, long-range drone storage sites, ammunition depots and temporary deployment points for Ukrainian troops and foreign mercenaries at 158 locations. The ministry said Russian forces destroyed 585 Ukrainian-launched drones and 11 aerial bombs in the past 24 hours. Belgorod acting governor Shuvaev said on social media that over the same 24-hour period Ukraine struck 11 districts of the region with more than 100 attacks, killing one and wounding seven; Russian authorities said 111 drones were intercepted. Russian media reported that drone attacks prompted temporary restrictions on civilian flights overnight in multiple Russian cities, delaying dozens of flights.
2026-07-12

CENTCOM said on social media that a recent claim by Iran’s Islamic Revolutionary Guard Corps navy commander — that foreign vessels may not transit the Strait of Hormuz without identification, tracking and monitoring by Iranian forces — is false. Iran

CENTCOM said on social media that a recent claim by Iran’s Islamic Revolutionary Guard Corps navy commander — that foreign vessels may not transit the Strait of Hormuz without identification, tracking and monitoring by Iranian forces — is false. Iran does not control the Strait of Hormuz; it remains an international waterway. U.S. forces are deployed and ready to maintain that status and ensure freedom of navigation, and shipping in the strait is continuing normally.
2026-07-12

MSNBC cited President Trump saying the Strait of Hormuz is open.

MSNBC cited President Trump saying the Strait of Hormuz is open.
2026-07-12

According to NBC News, US President Trump stated that the Strait of Hormuz is open.

According to NBC News, US President Trump stated that the Strait of Hormuz is open.
2026-07-12

A Wall Street Journal survey of economists this month shows the Iran war’s economic hit to the U.S. is smaller than earlier feared, but the conflict has made inflation above the Fed’s 2% target more persistent and narrowed the Fed’s room to cut rates

A Wall Street Journal survey of economists this month shows the Iran war’s economic hit to the U.S. is smaller than earlier feared, but the conflict has made inflation above the Fed’s 2% target more persistent and narrowed the Fed’s room to cut rates. Views have shifted markedly since an April survey taken about a month after the outbreak. Economists now expect U.S. real GDP to grow 2.1% for the 12 months ending Q4 2026, up from a 2.0% forecast in April. The average probability of a U.S. recession in the next 12 months fell to 25% from 33% in April, the lowest since early 2025. Inflation outlooks rose: economists project 12-month CPI through December at 3.4% (vs. 3.2% in April), and core PCE — the Fed’s preferred gauge — at 3.2% in 2026 (vs. 2.9% previously).
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