The United States has conducted a third night of airstrikes on Iran, and President Donald Trump plans to reinstate a blockade of Iranian ports while imposing a 20 percent levy on cargo passing through the Strait of Hormuz. Trump stated that despite the blockade on Iran, other nations would retain unrestricted access to the waterway. The escalation follows reciprocal attacks—Iran struck two ships in the strait and launched missiles at U.S. forces in Bahrain and other Gulf states, while the U.S. military targeted Iranian coastal sites. Oil prices rose sharply amid renewed conflict fears, and a June preliminary ceasefire deal appears increasingly fragile, with Iran warning it would disregard its commitments if Washington does.