The Ceasefire Collapses: 80+ Strikes, a Revoked Oil Waiver, and a 1.95-Million-Barrel U-Turn

At a Glance Operational Overview The Strait of Hormuz is once again operating under full conflict conditions. Overnight into July 8, U.S. Central Command struck more than 80 targets inside Iran in direct response to Iranian attacks on three commercial vessels transiting the Strait.