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Iran insists on right to control shipping in Strait of Hormuz after ship hit near Oman - Headlines news and analysis from Global Banking & Finance Review
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Iran insists on right to control shipping in Strait of Hormuz after ship hit near Oman

Published by Global Banking & Finance Review

Posted on June 26, 2026

5 min read

· Last updated: June 27, 2026

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US strikes Iran in response to attack on cargo ship in Strait of Hormuz

US-Iran Tensions Escalate After Strait of Hormuz Incident

By Idrees Ali and Enas Alashray

WASHINGTON/DUBAI, June 26 (Reuters) - The U.S. military attacked Iran on Friday in response to an Iranian drone strike on a cargo ship in the Strait of Hormuz, with each country accusing the other of violating terms of a ceasefire agreed on last week.

Details of the US Military Response

U.S. Central Command said aircraft struck missile and drone storage locations and coastal radar sites, later publishing a grainy black-and-white video of an explosion labeled "unclassified." A U.S. official reported the operation had concluded.

Iran's Reaction and Claims

Iran said a projectile struck the area around a pier in Sirik in southern Iran, and that Iranian naval forces responded by striking U.S. military targets in the region. Tehran did not provide details about what may have been hit.

Regional Developments and Diplomatic Efforts

Elsewhere, however, there were signs of progress in ending the four-month-old conflict, as Israel and Lebanon signed an agreement to end the fighting between Israel and Iran-backed Hezbollah. Both sides framed the deal as an initial step that calls for Hezbollah to disarm and Israel to withdraw troops from Lebanon, but it was not clear how it would be enforced. Hezbollah said it would not cooperate.

'Violence Will Be Met With Violence,' Vance Says

Tehran has said it would control the Strait of Hormuz and warned Gulf states not to side with Washington after Thursday's attack on a cargo ship traveling near Oman's coast. President Donald Trump blamed the attack on Iran and said it violated last week's interim agreement.

US Statements on Ceasefire and Security

"The unwarranted aggression against commercial shipping by Iranian forces clearly violated the ceasefire," U.S. Central Command said in its statement announcing strikes, which it called "a powerful response to yesterday’s attack on a commercial ship that was transiting the Strait of Hormuz."

The U.S. military said it would continue to provide "safe passage coordination and support" to commercial vessels transiting the strait.

Vice President JD Vance's Position

Vice President JD Vance, once seen as a skeptic on U.S. intervention in Iran but now a Trump administration point person on the conflict, said the Americans have honored the ceasefire deal, also known as a memorandum of understanding.

"Iran signed a ceasefire agreement. We have honored it. If they have disagreements about how the MOU is being applied, they can pick up the phone. But violence will be met with violence," Vance said on X.

Iranian Military Reports and Local Impact

Iranian state media, citing an unnamed military source, reported the strike at the port of Sirik after an explosion was heard there. The source said several warning shots had been fired from Sirik toward vessels that violated Strait of Hormuz regulations about five hours earlier, adding two warning missiles had also been launched from the nearby Karpan area toward the strategic waterway.

On Saturday, Iran's Mehr news agency cited the head of ports at eastern Hormozgan as saying that there was no damage to the port of Sirik after the attack by the U.S. The official said the port was operating normally with no damage reported to facilities and equipment.

Iran's Revolutionary Guards said that in response its navy "struck the locations where the terrorist U.S. military is stationed in the region" and warned that any further U.S. attacks would be met with a broader response, according to the statement carried on state media.

The ceasefire agreement gives Iran control over ship traffic in the strait, the Guards said.

"However, the United States, by provoking various fronts, sought to violate this commitment, and the necessary response was given and will continue to be given. If the aggression is repeated, our response will be broader than this," the Revolutionary Guards said.

Oil Prices Fall Before Latest Strikes

The U.S. did not immediately respond to Iran's report of striking American targets, a tactic that has sought to undermine U.S. allies in the region during the conflict.

Economic Impact and Oil Shipments

Ebrahim Azizi, the head of the Iranian parliament's national security committee, said in response to the latest strikes that Trump has failed to show a commitment to the principles of negotiation or ceasefire.

"This reckless violation of the ceasefire will, as always, lead to retreat and regret on their part," Azizi posted on X.

Before the renewed outbreak of violence, oil prices fell about 3% on Friday, on course for steep weekly losses, in response to oil tankers exiting the Strait of Hormuz, the conduit for one-fifth of global oil and LNG supplies before the U.S. and Israel launched the war on February 28.

Saudi Aramco resumed crude loadings at its Ras Tanura terminal in the Gulf, the world's biggest oil port, after a nearly four-month halt, shipping data showed.

Fertilizer shipments through the strait have also picked up, helping to assuage concerns about a spike in global food prices.

International Reactions and Calls for Stability

U.S. Secretary of State Marco Rubio — wrapping up a tour of the Gulf to reassure regional allies about the interim pact — issued a joint statement with the Gulf Cooperation Council calling for "free, unconditional, and unrestricted navigation" in the strait without tolls or "attempts to assert control."

Iran's foreign ministry said the strait should be governed by Iran and Oman, while Ali Akbar Velayati, top adviser to Iran's supreme leader, warned Washington's Gulf allies their survival depended on Tehran's tolerance.

(Reporting by Reuters bureaus; Writing by Daniel Trotta, Andy Sullivan, Gareth Jones and Philippa Fletcher; Editing by Timothy Heritage, Sanjeev Miglani and Chris Reese)

Key Takeaways

  • Iran insists on its right to govern shipping in the Strait of Hormuz under its newly established Persian Gulf Strait Authority, rejecting U.S. and Gulf states’ calls for toll-free navigation. (internazionale.it)
  • A Singapore‑flagged vessel, Ever Lovely, was struck by an unknown projectile off Oman's coast, leading the IMO to suspend its evacuation plan for over 11,000 stranded sailors. (marketscreener.com)
  • Despite tensions, shipping volumes rebounded—oil flows through the Strait rose to pre‑war levels—and Saudi Aramco resumed oil loading at Ras Tanura after nearly four months. (internazionale.it)

References

Frequently Asked Questions

Why is Iran asserting control over shipping in the Strait of Hormuz?
Iran claims control to ensure its interests and safe passage, especially after recent attacks and regional tensions.
What triggered the recent tensions in the Strait of Hormuz?
An attack near Oman and disputes over tolls and shipping control escalated tensions between Iran, Gulf states, and the US.
How did oil markets react to the ship attack near Oman?
Oil prices dipped as markets assessed the impact of the attack and ongoing uncertainty around Hormuz shipping routes.
What is the position of Gulf states and the US on Iran's control of the strait?
The US and Gulf states oppose Iran's control and tolls, calling for free, unrestricted navigation in the waterway.
Did the ship attack affect global shipping routes?
Yes, following the incident, the International Maritime Organization temporarily paused ship escorts and a new route was suggested.

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