CENTCOM confirmed strikes on more than 80 Iranian targets overnight: air defenses, radar sites, missile batteries, and over 60 IRGC fast boats. The strikes retaliate for Iran's July 7 attack on three vessels near the Strait of Hormuz, including the war's first hit on an LNG carrier. Treasury simultaneously revoked the sanctions waiver covering Iranian oil sales, cutting off the main legal channel used by Chinese and Indian buyers; a wind-down window for cargoes already in transit runs through July 17.
Iran retaliated within hours, striking Bahrain near the US Fifth Fleet's home port and Kuwait's Ali Al Salem area. Bahrain reported a damaged residential building near the airport and activated missile-alert sirens; no fatalities are confirmed on either side. Iranian state media separately reported explosions near military bases in Bushehr province, adjacent to Iran's only civilian nuclear plant. That claim is single-sourced to Tehran and unconfirmed by CENTCOM or Western outlets.
At the NATO summit in Ankara, President Trump said the ceasefire memorandum is "over," the strongest US statement yet on the deal's status. No formal written withdrawal has followed, and Iran makes the same violation accusation against Washington. Brent crude jumped as much as 5.6% to $76.04 after-hours, up from Tuesday's $72.89 close, a move at or near TankerBrief's 5%/24h alert threshold depending on the baseline used.
Watch for: battle-damage confirmation, any casualty report from Bahrain or Kuwait, and whether Iran, mid-way through Khamenei's funeral period ahead of the July 9 Mashhad burial, has room to de-escalate before Doha talks were due to resume around July 11.