Woofun AI reports that US Central Command forces have initiated a series of strikes against Iran in response to attacks on commercial shipping in the Strait of Hormuz. Officials characterized the operation as a punitive action rather than a proportional response, noting it will not conclude in the near term.

The US Treasury revoked the general license allowing Iranian oil sales, with winding-down transactions permitted until July 17th midnight Eastern Time. This reversal of the June 22nd exemption, which had lifted sanctions until August 21, 2026, triggered a surge in international oil prices.