Massive Turnout for Khamenei’s Funeral Amid Ongoing Tensions in Hormuz

US-Iran War Live Updates: Tehran’s public transport network recorded an unprecedented 23.715 million passenger trips over the three days of Khamenei’s funeral, with the metro operating round the clock for the first time and accommodating over 14.6 million passengers without incidents, noted deputy transport chief Mohsen Hormozi. Roads leading to Qom remained congested as the Jamkaran mosque, where Khamenei’s body is currently resting, reached maximum capacity.

Maritime tensions are still high. Iran’s Revolutionary Guards launched at least two missiles at commercial vessels in the Strait of Hormuz on Monday night, causing damage to two ships but no casualties, according to Axios. In a separate incident, a tanker caught fire after being struck by an unknown projectile off Limah, Oman, reported the UKMTO. Iranian broadcaster IRIB stated that the tanker was trying to use the Omani route “with the backing of the US Navy” and was hit after disregarding warnings. EASA has extended its regional flight warning until July 8, while Iran’s Foreign Ministry condemned Germany’s comments regarding Hormuz as “utterly shameful.”

Market reactions reflected the prevailing unease: Asian stocks dipped despite a strong profit outlook from Samsung, while oil prices increased as traders balanced supply growth with diminishing tensions. Bloomberg Economics forecasts that global interest rates will remain elevated through 2028 due to the implications of the war.

In other developments, Hamas has accused Israel of obstructing its Gaza power transfer to a UN-supported committee, while the EU is preparing trade actions against Israeli settlement goods ahead of a ministerial meeting on July 10. Palestinian FM Farsin Aghabekian Shahin urged the UK for stricter measures against Israel during discussions in London.

Stay updated on the latest developments regarding the war in West Asia.