US strikes Bandar Abbas, Qeshm Island after ceasefire collapse in Iran War

New explosions have been reported in Bandar Abbas and Qeshm Island as the United States conducts a fifth wave of strikes following the breakdown of a ceasefire agreement signed three weeks ago. The strikes are part of an escalating conflict during the 2026 Iran War, involving the United States, Israel, and Iran. The ceasefire, initially established by a Memorandum of Understanding on June 17, was intended to halt hostilities temporarily. However, it collapsed following Iranian attacks on commercial vessels in the Strait of Hormuz, prompting the U.S. to retaliate.

The renewed U.S. strikes on strategic locations such as Bandar Abbas, a major port and military hub, and Qeshm Island, a significant point in the Strait, mark a substantial escalation in military actions. These developments follow President Trump’s declaration that the ceasefire was “over,” as CENTCOM described the strikes as retaliation against Iran’s targeting of shipping routes. Despite ongoing “technical talks,” formal negotiations for peace have stalled, leaving the situation highly volatile.

Market pricing has responded to these events, with increased activity suggesting a heightened perception of instability that could affect the Iranian regime. The possibility of regime change in Iran appears to have gained attention, reflecting the significant impact of these military actions.

Key Takeaways

• The report of new U.S. strikes on Bandar Abbas and Qeshm Island suggests an escalation of conflict following a ceasefire collapse.
• Market pricing indicates an increased perception of instability in Iran, consistent with the potential for regime change.
• The military actions appear to have contributed to the perception of heightened risk regarding the stability of the Iranian regime.

What to Watch

Observers will be watching for further military developments between the U.S. and Iran, as additional strikes could indicate a deeper escalation of the conflict. Any moves by key actors such as Mojtaba Khamenei or the IRGC could significantly impact market perceptions of Iran’s political stability. Additionally, any resumption of formal peace negotiations or diplomatic efforts may influence activity and perceptions regarding the potential for regime change.

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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.