We are now nearly 24 hours since the United States chose to bomb three nuclear sites across Iran, and the fallout from the bombing is taking shape worldwide. I wanted to provide you with a mid-day update about where things standing. If you want to support my independent journalism, please subscribe today. Your support helps keep this going.
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With that, here’s your mid-day update:
- Iran’s parliament voted to shut down the Strait of Hormuz in retaliation for Donald Trump’s attack, raising fears of surging oil prices and possible global recession.
- Brent crude oil rose over 10% since mid-June, reaching about $77 per barrel.
- Trump’s attack followed Israeli strikes on Iranian nuclear sites, prompting Iranian missile attacks on Tel Aviv.
- The Strait of Hormuz handles about 20% of global oil consumption.
- The Iranian parliament vote is not binding; the final decision lies with Iran’s supreme national security council.
- Analysts predicted an oil price spike of up to $5 even before the vote.
- Marco Rubio, the United States Secretary of State, is urging China to tell Iran not to close the Strait.
- Ali Shamkhani, adviser to Supreme Leader Khamenei, stated that Iran retains its enriched uranium, indigenous knowledge, and political will despite US attacks.
- Shamkhani warned of ongoing "surprises" and advised against "blind strikes."
- US Congresswoman Marjorie Taylor Greene criticized Trump’s decision, blaming both Israel and the US for escalating the conflict and calling for peace.
- UK, France, and Germany jointly urged Iran to avoid further destabilizing actions and to negotiate on its nuclear program.
- The three countries reaffirmed that Iran must never possess nuclear weapons.
- Iran’s president Masoud Pezeshkian said the US must “receive a response” for its attacks, in comments to French President Macron.
- Iran’s health ministry confirmed injuries from US strikes but reported no radioactive contamination among the wounded.
- Israel reported that around 30 fighter jets struck multiple Iranian targets on Sunday.
- Targets included the Imam Hussein Strategic Missile Command Center in Yazd (housing long-range Khorramshahr missiles), missile launchers in Bushehr province (site of a massive explosion), Ahvaz in the southwest, and central Isfahan.
Let me know if you have any questions.
Aaron
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