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Global Daily: It ain't over till it's over, but...

9 July 2026 7:20 RaboResearch

The US hit Iran for a second night along Hormuz, in southern cities, near a nuclear site, and a railway bridge in the northwest. The message from VP Vance was to stop striking ships in Hormuz or get hit back harder. From Trump, it was that Iran are “liars” and “scum” and the MOU is “over,” repeating threats to reimpose the US blockade of Iranian oil --showing why few (save China) were keen to buy it with a temporary sanctions waiver that lapsed before shipments arrived-- and to hit electricity and desalination plants and/or take Kharg Island, it’s key oil facility. Even Axios is reporting the US is preparing for an extended confrontation --from 1-2 days to a month-- and that the ‘Battle of Hormuz' may be about to begin.

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