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Today’s Brief

Drones sink ships off Bulgaria

Drone strikes widen war risks as Europe tightens politics and markets punish France

The war around Ukraine spilled further into commercial shipping, while Kyiv braced for a larger Russian aerial assault and Yemen's Red Sea fighting intensified. In Europe, governments tried to harden institutions against both security threats and market pressure, with France becoming the week's financial worry.

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  • October 7 attack commemorations in Israel

    Mourners observe a minute of silence at the Nova music festival site at 6:29 a.m. to mark three years since the October 7 attacks.

  • Israeli strikes on Gaza

    Medics report at least two people killed in overnight Israeli strikes across Gaza as commemorations begin for October 7.

  • Kyiv hit by Russian missile strikes

    Strikes kill at least two people in Darnytsia district overnight as Russian missiles and drones target Kyiv transport infrastructure.

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World · Updated 10m ago

The US under Trump: second term

Washington linked Indian market access to Russian oil purchases while setting specific enrichment demands for Iran, alongside EU moves to avert tech tariffs.

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© Η Ναυτεμπορική
Conflicts·Jul 12

Iran’s new supreme leader vows revenge, freezes talks as Trump declares Strait of Hormuz ceasefire over

Supreme Leader Mojtaba Khamenei pledged to avenge his father’s killing and Iran suspended negotiations hours after President Trump declared the three-week ceasefire dead, while diplomats gathered in Oman.

Ceasefire collapses after week of strikes

A fragile truce unravelled rapidly this week after the worst military exchange between the United States and Iran since the Memorandum of Understanding signed on 17 June. That MoU had opened a 60-day negotiation window. On Tuesday night, commercial vessels came under attack in the Strait of Hormuz, with Washington blaming Iran’s Islamic Revolutionary Guard Corps. The US retaliated with strikes against 85 targets inside Iran, triggering counterstrikes that continued through Thursday.

By Wednesday, President Trump was already hinting the ceasefire was near its end. On Friday he posted on social media that Iran had been informed “in absolutely clear terms that the ceasefire is over”.

Timeline: US-Iran crisis escalation
  1. Feb 28, 2026Ali Khamenei killed in US-Israeli airstrikes.
  2. Jun 17, 2026US and Iran sign MoU, opening 60-day window for negotiations.
  3. Jul 7, 2026Commercial ships attacked in Strait of Hormuz; IRGC blamed.
  4. Jul 8, 2026US retaliates with strikes on 85 targets in Iran.
  5. Jul 9, 2026Trump hints ceasefire is nearing its end.
  6. Jul 10, 2026Trump declares the ceasefire over on social media.
  7. Jul 11, 2026Mojtaba Khamenei vows revenge; Iran says no talks until US backtracks.

New supreme leader threatens retaliation

Hours later, Iran’s newly installed Supreme Leader, Ayatollah Mojtaba Khamenei, issued his first public statement since funeral ceremonies for his father, former Supreme Leader Ali Khamenei. The elder Khamenei was killed in US-Israeli airstrikes on 28 February. In a message circulated on his Telegram account, the younger Khamenei called revenge an undeniable demand.

Revenge is a demand of our nation and must be carried out.

— Mojtaba Khamenei

He added that those responsible for the killing are “known and recorded” and would not die peacefully. “We pledge to avenge the blood of the martyr leader and all the martyrs of these two wars from the criminals and dishonored murderers,” the statement said.

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Iran shuts the door on direct talks

On Saturday, the Fars news agency quoted a source inside the negotiating team saying Iran would not return to the table until Washington reverses its position. Foreign ministry spokesman Esmail Baghaei repeated that Tehran had made no request to resume dialogue, contradicting claims by President Trump. Foreign Minister Abbas Araghchi posted on X that Iran had observed the truce while the US had broken its spirit by reimposing economic sanctions.

So far, Iran has kept its word. The American side made a new violation, which adds to a series of wrong actions. There can be no respect without reciprocity.

— Abbas Araghchi

Oman channel remains active

Despite the freeze, diplomats were already meeting in Oman. Araghchi had arrived in Muscat for talks on the Strait of Hormuz. Top US officials were also expected: Vice President Jay D. Vance, Secretary of State Marco Rubio, and special envoy Steve Witkoff. Washington’s opening demands were for Tehran to publicly guarantee free passage through the strait and to acknowledge that recent tanker attacks were a mistake. US media reported that Iranian officials privately conceded the attacks had been staged by an uncontrollable hardline faction.

Tehran · Muscat · Washington D.C.
Mojtaba KhameneiAli KhameneiDonald TrumpAbbas AraghchiJay D. VanceMarco RubioSteve WitkoffEsmail Baghaei
Abbas AraghchiAli KhameneiDonald TrumpEsmail BaghaeiJay D. VanceMarco RubioModżtaba ChameneiMuscat

5 sources

  • Νέος κύκλος απειλών μεταξύ ΗΠΑ και Ιράν και το Ορμούζ στο κόκκινο - "Η εκδίκηση θα έρθει"
    Η Ναυτεμπορική·Jul 11
  • "Οχι" του Ιράν στις διαπραγματεύσεις με τις ΗΠΑ - Εκδίκηση ορκίζεται ο Μοτζτάμπα | ΤΟ ΒΗΜΑ
    Ειδήσεις - νέα - Το Βήμα Online·Jul 11
  • Νέες απειλές από το Ιράν: Ο Μοτζτάμπα Χαμενεΐ ορκίζεται εκδίκηση για τη δολοφονία του πατέρα του -"Δεν θα γλιτώσουν οι υπεύθυνοι"
    iefimerida.gr·Jul 11
  • Ιράν: "Οχι" στις διαπραγματεύσεις μέχρι οι ΗΠΑ αναθεωρήσουν τις θέσεις τους
    NEWS 24/7·Jul 11
  • Το Ιράν κλείνει την πόρτα των διαπραγματεύσεων στις ΗΠΑ
    H Kαθημερινή·Jul 11

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