Key development: The US just hit dozens of military targets across Iran in a two-hour operation last night, killing at least three people including a toddler, and Iran’s Revolutionary Guards are promising to retaliate “today.”

Military Operations

(Update) The US struck dozens of Iranian military sites overnight in a major two-hour operation. First serious escalation after nearly two weeks of reduced bombing. (France 24, Al Jazeera)

Context: The strikes hit Revolutionary Guard command centers, drone and missile facilities, and coastal defense sites across Iran including Qeshm Island and Bushehr. At least three people were killed, including a two-year-old child. Video from Qeshm shows extensive damage. This ends the bombing pause that lasted nearly two weeks. Iran’s Revolutionary Guards are now promising to “punish the aggressor today.”

Sources: France 24 | Al Jazeera | France 24 Live

(Update) A drone hit a US-owned gas tanker docked at Egypt’s Damietta port. First attack on Egyptian soil in this conflict. (France 24, Euronews) [UNCONFIRMED - no group has claimed responsibility]

Context: The strike caused fires on two ships at the Mediterranean port. This marks an escalation from threats and Saudi targets to an actual attack on US assets in Egypt, pulling a new country directly into the conflict zone. Preliminary investigations confirm it was a drone strike, but no one has taken credit yet.

Sources: France 24 | Euronews

(Update) Iran launched fresh missile attacks on US forces across the Middle East. Breaking days of relative quiet. (France 24)

Context: The new wave targeted US bases in multiple locations including Jordan. This comes as the US and Saudi Arabia also struck Tehran-backed militias in Iraq, killing at least 20 fighters and six Iranian advisers. The attacks show Iran resuming offensive operations after a brief lull.

Sources: France 24

Israeli strikes killed at least four people including children across Gaza. Happened while Hamas officials were meeting with mediators in Cairo. (Al Jazeera)

Context: The bombings occurred as Hamas met with Qatari, Egyptian, and Turkish mediators to discuss a possible truce. The timing complicates ceasefire negotiations that are already fragile.

Sources: Al Jazeera

US Policy

(Update) Iraq’s prime minister just canceled his meeting with Saudi Crown Prince Mohammed bin Salman. Direct fallout from the US-Saudi strikes on Iraqi militias. (France 24)

Context: Trump confirmed on Fox News that the US and Saudi Arabia coordinated the strikes with Iraq’s government, but Iraq is calling them a “blatant violation” anyway. The canceled meeting shows real diplomatic damage despite claimed coordination. Trump said the US will hit Iran “hard” after the Jordan base attacks.

Sources: France 24 | France 24

Diplomacy

(Update) Oman just formally presented Iran with a Gulf plan to jointly manage the Strait of Hormuz. Would include voluntary shipping fees to ease tensions. (France 24)

Context: This is a concrete counter-proposal after months of Iranian demands for control over the strait. The Gulf-backed plan aims to restore stable shipping after months of disruptions from the conflict and attacks on commercial vessels. It’s now on Iran’s desk for a response.

Sources: France 24

Economy

Bank of England held interest rates steady, citing Middle East conflict and volatile energy prices. (Euronews) [UNCONFIRMED - sole source]

Context: Although UK inflation fell in June, the Bank of England maintained rates at 3.75% as renewed conflict in the Middle East and volatile energy prices clouded the economic outlook.

Sources: Euronews

What to watch: Iran promised retaliation “today” for the US strikes, so we could see another round of attacks on American forces or assets within hours.