US Strikes Iran After Hormuz Tanker Attacks as Waiver Falls

The overnight move is that Washington stopped mediating and started striking: after tankers were hit in the Strait of Hormuz, the US carried out its own strikes on Iran and revoked the temporary sanctions waiver on Iranian oil sales, per SCMP. This column had flagged Tehran's succession fight as the story to watch. The waiver revocation confirms that reading: a government that cannot hold its own negotiating line invites exactly this kind of unilateral response. The Strait of Hormuz, which carries roughly a fifth of global oil flow, now sits under active fire rather than threat. Elsewhere Trump is clashing with NATO allies over rearmament spending and floating a US troop withdrawal from Europe, a second front opening as the alliance meets in Turkey. In cyber, the UK unveiled an autonomous AI "Cyber Shield" for national infrastructure while a Japanese telecom breach exposed 12 million email accounts, the fourth major APAC carrier breach this year. A Gulf-exposed trade desk in Singapore now has to reprice tanker war-risk premiums before the next sailing, not after. Watch whether Tehran's fractured leadership issues a unified response before Thursday's Asian open.