CANADA VIBES NEWSROOM · ÉDITION DU MATIN | MORNING EDITION
Saturday, July 18, 2026 · 7:00 AM ET

The United States and Iran exchanged new strikes on infrastructure and military targets over the weekend as the Strait of Hormuz crisis worsens following the collapse of a truce reached last month.

An interim US-Iran truce broke down after Iran struck several commercial ships in the Strait of Hormuz; Tehran subsequently declared the strait closed on July 12.

US Central Command says it completed a second wave of strikes aimed at degrading Iran’s ability to threaten vessels transiting the strait — the fifth consecutive day of American attacks.

Iran says it disabled two “rogue supertankers” after the United Arab Emirates reported Iranian missiles struck two of its tankers in Omani territorial waters, killing one crew member.

An Iranian foreign ministry spokesperson said Tehran would continue to respond “firmly” to US strikes and that no negotiations are currently planned.

The escalation is pushing global oil prices higher and raising concern among international shipping firms about the safety of transit through the strategic waterway.

What to watch

• The effect on global oil prices and, in turn, on Canadian inflation.
• Whether talks resume or the conflict escalates further.
• Consequences for international shipping traffic through the strait.

Sources: CNN, CNBC, Wikipedia – 2026 Strait of Hormuz crisis