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Iran peace deal shattered: U.S. retaliatory strikes, Khamenei funeral, leadership divisions, Strait of Hormuz tanker attacks escalate

Iran peace deal shattered: U.S. retaliatory strikes, Khamenei funeral, leadership divisions, Strait of Hormuz tanker attacks escalate

Key Questions

What is happening with the funeral for Iran's late Supreme Leader?

Massive crowds have gathered in Tehran for dayslong funeral processions marked by 'Death to America' chants. The event has highlighted public sentiment and leadership transitions.

What attacks occurred in the Strait of Hormuz?

Multiple tankers, including an LNG carrier, were struck in the third and fourth attacks reported by British forces. The incidents have raised safety concerns for oil shipments.

How are Iran's leadership dynamics shifting after Khamenei's death?

Divisions have emerged, with Mojtaba Khamenei notably absent from events and reportedly injured. This has fueled speculation about succession and internal power struggles.

What did Iran say about future talks with the US?

Iran indicated it could abandon negotiations if Trump continues threats. Officials conditioned any resumption on a halt to hostile rhetoric.

What warning did Trump issue regarding Iran?

Trump stated Iran should 'make a deal or finish the job,' signaling limited patience for prolonged talks. He also plans further discussions with regional leaders.

How has the oil market reacted to Strait of Hormuz tensions?

Oil prices rose sharply after the tanker attacks revived concerns about supply disruptions. The region remains a critical chokepoint for global energy flows.

What did Erdogan say about the US-Iran situation?

Erdogan warned Israel against actions that could derail a potential US-Iran deal. Turkey is seeking to play a stabilizing role in the region.

What happened to Hamas's Gaza government?

Hamas dissolved its Gaza administration amid the broader regional turmoil. The move reflects shifting political realities following recent events.

Iran continues dayslong funeral for late Supreme Leader Khamenei with massive crowds and 'Death to America' chants; performer called for Trump's death. Leadership divisions exposed as Mojtaba Khamenei absent (reported injured). Strait of Hormuz tanker attacks escalate: British military reports multiple tankers hit (including LNG tanker) in third and fourth attacks. Iran threatens to abandon talks if Trump continues threats. Trump warns 'make a deal or finish the job'. Erdogan warns Israel not to scupper US-Iran deal. Hamas dissolves Gaza government. World absorbed historic Iran oil supply loss but depleted stocks bring risks.

Sources (13)
Updated Jul 7, 2026