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Published on
Wednesday, July 8, 2026 at 06:12 PM

By Zoe Rivera — Anarchist Desk

U.S. Strikes Iran as Oil Sanctions Tighten

The U.S. military struck Iranian military targets in the area of the Strait of Hormuz on Tuesday after renewed Iranian attacks on commercial ships, while the Treasury Department revoked sanctions waivers that had allowed Iran to sell oil. The machinery of state power moved in lockstep: bombs on one side, financial strangulation on the other. Ordinary people on the water and in the region are the ones left to absorb the fallout.

Who Pays for the Power Game

U.S. Central Command said American forces had "completed a new round of offensive strikes against Iran ... hitting over 80 targets with precision munitions as an immediate response to Iran's latest attacks on commercial vessels transiting the Strait of Hormuz." CENTCOM said the strikes were designed "to degrade Iran's ability to continue attacking international commerce flowing through the international trade corridor." That language is polished, bureaucratic, and cold. The target is not just military hardware. It’s the whole idea that commerce gets to move safely only when armed states permit it.

Axios said U.S. forces struck Iranian air defense systems, command and control networks, coastal radar sites, anti-ship missile capabilities and more than 60 small boats belonging to Iran's Islamic Revolutionary Guard Corps in and near the strait. A U.S. official said the targets also included Iranian air-defense systems, coastal surveillance systems, surface-to-air missiles, anti-ship cruise missile sites, drone launch sites and port facilities. Axios said the U.S. strikes on Tuesday were four or five times bigger in scope and power than the previous strikes in Hormuz 10 days earlier. Iranian state media reported explosions in the port cities of Bandar Abbas and Sirik, as well as on Qeshm Island. The Iranian military launched drones at Bahrain, a U.S. official said.

The Ceasefire That Didn’t Hold

Iran launched three separate attacks Monday and Tuesday against commercial ships in the Strait of Hormuz, shattering a brief pause in hostilities that followed last month's memorandum of understanding, which was aimed at restoring safe passage through the strait and launching nuclear talks. The paper promise didn’t last long. The route stayed militarized, the ships stayed exposed, and the people caught in the middle got another round of escalation.

Shortly before the U.S. military retaliation, the Treasury Department announced it was revoking sanctions waivers that had allowed Iran to sell oil. Iran's Foreign Ministry condemned the U.S. decision, saying the U.S. had breached the terms of the memorandum of understanding. Iran's top negotiator, Mohammad Bagher Ghalibaf, accused the U.S. of major violations of the MOU. "The era of bullying and extortion is over," Ghalibaf wrote on X. "It leads nowhere. We don't fold."

That’s the language of states talking over everyone else’s heads while workers, crews, and coastal communities live with the consequences. One side calls it enforcement. The other calls it violation. The ships still move through a corridor controlled by force.

Summits, Orders, and the People Below

A U.S. official told Axios that Trump approved the strike plan and ordered it while in Turkey for this week's NATO summit. Trump held a meeting in Ankara in Turkey with Defense Secretary Pete Hegseth, Secretary of State Marco Rubio and Treasury Secretary Scott Bessent, who flew with him on Air Force One. They were joined by Joint Chiefs of Staff Chairman Gen. Dan Caine and other officials who were already on the ground for the NATO summit. The official said, "This response is a direct result of the acts of international terrorism that have been perpetrated by Iran on innocent ships transiting the Straight of Hormuz. The Iranians know the consequences to their ridiculous actions, yet they still chose to carry out these attacks."

CENTCOM said in an earlier statement that the "powerful strikes" were aimed at imposing "heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway." It said, "Iran's demonstrated aggression was unwarranted, dangerous, and a clear violation of the ceasefire." CENTCOM said Hegseth would travel from Turkey to Israel on Wednesday and was expected to meet with Israeli Prime Minister Benjamin Netanyahu to discuss Iran and the talks Trump had with Turkish President Recep Tayyip Erdoğan. Axios said Hegseth's planned trip to Israel would be his first as defense secretary and was first reported by CNN.

CNN reported that President Trump said Wednesday morning that he believes the Memorandum of Understanding with Iran "is over," following a series of strikes across the region. Speaking at the start of a NATO summit in Turkey, Trump called the country "dirty players" for targeting commercial vessels in the Strait of Hormuz, violating a ceasefire. Trump said he'll let his negotiators "keep talking if they want," but added that the U.S. was wasting time talking with Iran and voiced a desire to "do our business" instead of trying to pursue diplomacy. The summit language says one thing. The missiles and sanctions say another.

Reviewed by the editorial desk — July 8, 2026
Last updated July 8, 2026

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