Iran, Oman Hold Hormuz Talks as New Supreme Leader Vows Revenge and Trump Threatens 1,000 Missiles
Updated
Updated · PBS NewsHour · Jul 11
Iran, Oman Hold Hormuz Talks as New Supreme Leader Vows Revenge and Trump Threatens 1,000 Missiles
3 articles · Updated · PBS NewsHour · Jul 11
Summary
Oman and Iran agreed Saturday to keep talking at technical and political levels on the Strait of Hormuz after days of ship attacks and U.S. retaliation strained an interim deal.
Mojtaba Khamenei, in his first statement since Ali Khamenei's funeral, said avenging his father's killing "must certainly be carried out," while Trump warned 1,000 missiles were "locked and loaded" over alleged assassination threats.
Abbas Araghchi said the talks sought mechanisms for safe passage, but Tehran still insists on controlling the strait and charging ships, while Washington demands a public guarantee that shipping will not be attacked.
About 20% of traded oil and gas moved through Hormuz before the war; Iran's wartime grip triggered an energy crisis, though crude has fallen sharply from highs near $120 a barrel.
As the Hormuz closure cripples global trade, what is the plan to avert a worldwide economic collapse?
With Iran's nuclear sites reportedly unreachable by bombs, are diplomatic solutions now completely off the table?
As Gulf states lose faith in U.S. protection, who will become the new security power broker in the Middle East?
Strait of Hormuz Crisis 2026: US-Iran Ceasefire Collapse, Escalation Risks, and Global Economic Fallout
Overview
On July 11, 2026, the fragile ceasefire between the United States and Iran collapsed after Iran struck commercial tankers in the Strait of Hormuz, which President Trump called acts of terrorism. This triggered U.S. strikes on Iranian targets, followed by Iranian missile attacks on U.S. bases, leading to a rapid escalation. The crisis is rooted in long-standing disputes over sanctions, U.S. military presence, and regional control. Earlier, U.S. and Israeli strikes killed Iran’s Supreme Leader, prompting further retaliation. These events have intensified tensions, disrupted global energy markets, and increased the risk of a broader conflict.