Iran's Revolutionary Guard fired at least two missiles at commercial ships crossing the Strait of Hormuz overnight into 7 July, striking a Qatari LNG carrier and setting it on fire. Two vessels were badly damaged but no casualties were reported. The strikes are the first in the chokepoint since a US-Iran truce took hold in June, and pushed crude prices higher as Europe watches its energy lifeline.
The United States and Iran concluded two days of indirect, Qatari- and Pakistani-mediated talks in Doha on 2 July without resolving control of the Strait of Hormuz, the chokepoint for about a quarter of seaborne oil. The round focused on maritime traffic and unfreezing Iranian funds under June's Islamabad Memorandum. Oil fell to four-month lows, and the next round awaits the six-day funeral of Ayatollah Ali Khamenei, as his son and successor Mojtaba Khamenei consolidates power.
German prosecutors have filed the first charges over the 2022 Nord Stream sabotage, accusing a Ukrainian former soldier of war crimes. Kyiv says it is too early to respond.
After all but closing the Strait of Hormuz since late February, Iran turned the world's busiest oil chokepoint into a tollbooth, charging tankers up to $2 million a crossing. A US-brokered memorandum has paused the fees for 60 days, but the dispute over whether a state can charge the world to cross an international strait is far from settled.
With the Iran war paused, southern Syria — Israel's buffer zone in Quneitra and Daraa and the Druze crisis around Suwayda — is emerging as the front Europe fears most.
European airports and energy agencies have warned that a jet-fuel shortage could disrupt peak-season flights by late summer 2026, as Strait of Hormuz disruption drains the bloc's kerosene reserves.
A French court convicted the captain of the Russia-linked tanker Boracay, intercepted by navy commandos off Brittany, in what is seen as Europe's first criminal penalty for obstructing the policing of Moscow's shadow fleet.
US and Iranian delegations meeting at the Bürgenstock resort above Lake Lucerne agreed what mediators Qatar and Pakistan called a roadmap toward a final deal within 60 days, including a Strait of Hormuz communication line, a Lebanon de-confliction cell and the return of IAEA inspectors. The diplomacy unfolded as President Trump publicly threatened fresh strikes, leaving the core nuclear and sanctions questions unresolved and oil markets watching the Gulf.
Qatar kept four LNG tankers transiting the Strait of Hormuz on 22 June even as Iran-driven disruption emptied the waterway, holding the line between a contained Gulf crisis and a renewed European gas-price shock.