US-Iran war live updates: Trump reinstates blockade on Strait of Hormuz, backs away from 20 per cent fee as US launches wave of new attacks on Iran
- Posted on July 14, 2026
- By The Sydney Morning Herald
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- 1 min read
The United States escalates military tensions with Iran through coordinated airstrikes targeting strategic defense installations while implementing renewed maritime restrictions. The Trump administration adjusts its economic pressure strategy, shifting focus from tariff mechanisms to naval containment measures. These developments mark a significant shift in US-Iran policy, combining kinetic operations with economic blockade tactics to counter perceived threats in the Middle East region.
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