Israel claims to have demolished a Hezbollah tunnel in Southern Lebanon.

US-Iran War Live Updates: Iranian Foreign Minister Araghchi traveled to Baghdad to strengthen bilateral relations with Iraq and accused Washington of consistently breaching the Islamabad ceasefire Memorandum of Understanding. During his visit, he promoted a regional security framework devoid of foreign intervention, showing a willingness to engage with Gulf states on collective security initiatives, and indicated that Tehran would take necessary actions in the Strait of Hormuz in accordance with its ceasefire commitments.

Oil prices soared as renewed US-Iran hostilities disrupted shipping through the Strait of Hormuz, with Brent crude increasing by 0.8% to $72.57 and WTI rising by 1.3% to $70.11. This increase follows a 10.6% drop in Brent last week, marking its third consecutive weekly decline after shipments through the strait had momentarily recovered.

In another development, gold prices fell 0.6% to $4,062.89, heading toward a fourth consecutive monthly decline, as rising oil prices heightened expectations for interest rate hikes, diminishing the metal’s attractiveness as a non-yielding asset.

Tensions continue to escalate on both diplomatic and security fronts. Iran’s Supreme Leader adviser, Ali Akbar Velayati, issued a severe warning to Bahrain, threatening increased military strikes if provoked. Meanwhile, Iranian cyberattacks against Israel surged to approximately 1,600 incidents in June 2025 alone, as reported by Israel’s National Cyber Directorate.

The conflict has extended beyond traditional strikes, with cyber warfare becoming a significant aspect of the broader confrontation.

Stay tuned for the latest updates on the war in West Asia.