Iran has warned of serious consequences to US military's plan to guide stranded ships through the Strait of Hormuz.
Major General Ali Abdollahi, the head of Iran's central command, warned, "Any foreign armed force, especially, the aggressive US army," which tries to enter the Strait, will be attacked.
"Any American interference" in the vital trade route would be "considered a violation of the ceasefire," according to Ebrahim Azizi, who is a senior member of the Iranian parliament.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.