{"id":662,"date":"2026-07-09T09:28:47","date_gmt":"2026-07-09T09:28:47","guid":{"rendered":"https:\/\/valutednews.com\/?p=662"},"modified":"2026-07-09T09:28:47","modified_gmt":"2026-07-09T09:28:47","slug":"us-strikes-iran-for-second-day","status":"publish","type":"post","link":"https:\/\/valutednews.com\/?p=662","title":{"rendered":"US strikes Iran for second day"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/images.ft.com\/v3\/image\/raw\/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F03db89f5-278b-4544-bc6d-e205a4df9c62.jpg?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"US strikes Iran for second day\" title=\"US strikes Iran for second day\" \/><\/div><p><\/p>\n<div id=\"article-body\">\n<p>Good morning and welcome to FirstFT. In today\u2019s newsletter:<\/p>\n<ul class=\"o3-editorial-typography-list-unordered\">\n<li>\n<p>Trump says ceasefire with Iran is \u2018over\u2019 <\/p>\n<\/li>\n<li>\n<p>Burnham weighs deputy UK PM in charge of \u2018Number 10 North\u2019<\/p>\n<\/li>\n<li>\n<p>Trump\u2019s surprise Ukraine shift steadies nervous Nato allies<\/p>\n<\/li>\n<li>\n<p>The erosion of Britain\u2019s power abroad<\/p>\n<\/li>\n<\/ul>\n<hr\/>\n<p>We begin with the Middle East where hostilities between the US and Iran have been reignited.<\/p>\n<p><strong>The latest:<\/strong> The US military said it had launched strikes against Iran for a second day, inflaming tensions hours after President Donald Trump said he considered the ceasefire with Tehran was \u201cover\u201d.<\/p>\n<p>American forces began \u201cadditional strikes against Iran to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz\u201d, US Central Command said on Wednesday in Washington.<\/p>\n<p>The US hit more than 80 Iranian military targets on Tuesday, according to Centcom, which oversees military operations in the Middle East, after Iran attacked three commercial ships in the strait.<\/p>\n<p><strong>Market reaction:<\/strong> The renewed clashes have fractured a ceasefire that promised to reopen the strait to oil shipments, sending global energy prices sharply higher. Brent crude, the international benchmark, rose 1.2 per cent to $78.93 in Asia trading.<\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/ea2d4977-b1d1-44e4-9645-e6d8cd226439?syn-25a6b1a6=1\" title=\"\" data-trackable=\"link\">Read the full story<\/a>.<\/p>\n<ul class=\"o3-editorial-typography-list-unordered\">\n<li>\n<p><strong>Cycle of tit-for-tat strikes:<\/strong> Trump\u2019s push to get ships moving through the Strait of Hormuz <a href=\"https:\/\/www.ft.com\/content\/6a0166e3-dc5e-4d16-8feb-872ac729733d?syn-25a6b1a6=1\" title=\"\" data-trackable=\"link\">keeps colliding<\/a> with Tehran\u2019s resistance to cede control. <\/p>\n<\/li>\n<li>\n<p><strong>Oil profits<\/strong>: Record earnings will set energy majors on a collision course with the US president, who has accused them of <a href=\"https:\/\/www.ft.com\/content\/aa2bacf1-4a2a-447b-b7fb-6620fab03cf1\" title=\"\" data-trackable=\"link\">price gouging<\/a>. <\/p>\n<\/li>\n<li>\n<p><strong>Dispatch from Mashhad:<\/strong> Ayatollah Ali Khamenei\u2019s burial will leave his son Mojtaba to <a href=\"https:\/\/www.ft.com\/content\/fee898fa-1888-4131-9e63-f3868cd3f176\" title=\"\" data-trackable=\"link\">confront enormous challenges<\/a> facing the Iranian regime.<\/p>\n<\/li>\n<\/ul>\n<p>Here\u2019s what else I\u2019m keeping tabs on today:<\/p>\n<ul class=\"o3-editorial-typography-list-unordered\">\n<li>\n<p><strong>Monetary policy: <\/strong>The European Central Bank publishes minutes from the most recent interest rate-setting meeting.<\/p>\n<\/li>\n<li>\n<p><strong>EU:<\/strong> Eurozone finance ministers meet in Brussels. <\/p>\n<\/li>\n<li>\n<p><strong>UK: <\/strong>Nominations for Labour Party leader start, following Prime Minister Sir Keir Starmer\u2019s announcement last month of his intention to resign.<\/p>\n<\/li>\n<\/ul>\n<h3 id=\"sjgrytni\" class=\"n-content-heading-3 o3-editorial-typography-subheading\">Five more top stories<\/h3>\n<p><strong>1.<\/strong> <strong>Exclusive: Andy Burnham, the presumptive UK prime minister, <\/strong>is discussing plans to give the next deputy control over his new Downing Street outpost in Manchester in an attempt to <a href=\"https:\/\/www.ft.com\/content\/c6b330f4-e793-43b4-9221-254245c6f07b\" title=\"\" data-trackable=\"link\">give the body greater power<\/a>, according to people close to the discussions.\u00a0<\/p>\n<p><strong>2.<\/strong> <strong>Trump\u2019s pivot from outspoken criticism of Volodymyr Zelenskyy<\/strong> to letting the Ukrainian leader manufacture US weapons was the standout moment of this week\u2019s Nato summit in Turkey, leaving European allies <a href=\"https:\/\/www.ft.com\/content\/907c26d7-9c1e-4bac-8da0-28216445d860?syn-25a6b1a6=1\" title=\"\" data-trackable=\"link\">cautiously optimistic<\/a> that America\u2019s mercurial leader had made a significant shift in favour of Kyiv.<\/p>\n<p><strong>3.<\/strong> <strong>Exclusive: Former Liberty Media president Greg Maffei<\/strong>, who oversaw a transformation in the fortunes of Formula 1, is launching a team-based horseracing league that will draw on elements of the motorsport in an attempt to <a href=\"https:\/\/www.ft.com\/content\/ddfbc39e-42c3-45bd-81c1-eb37e0ad24a2\" title=\"\" data-trackable=\"link\">draw in younger sports fans<\/a> and gamblers.<\/p>\n<p><strong>4.<\/strong> <strong>Exclusive: Private equity groups TPG and Blackstone<\/strong> are seeking more than $4bn for medical technology company Hologic\u2019s surgical unit, as they pay down debt and return cash from <a href=\"https:\/\/www.ft.com\/content\/1096b05f-13c1-466c-90c1-54dc2d0728aa\" title=\"\" data-trackable=\"link\">one of last year\u2019s biggest leveraged buyouts<\/a>.<\/p>\n<p><strong>5.<\/strong> <strong>Chinese manufacturers that use rare earths<\/strong> are seizing a \u201chistoric\u201d opportunity to move up the industrial value chain and squeeze their foreign rivals, as Beijing\u2019s export controls on critical minerals <a href=\"https:\/\/www.ft.com\/content\/541e9027-1e3b-49d8-bfdb-4b54fba1a97e\" title=\"\" data-trackable=\"link\">hit their Japanese counterparts<\/a>.<\/p>\n<h3 id=\"bhmehydu\" class=\"n-content-heading-3 o3-editorial-typography-subheading\">The Big Read<\/h3>\n<figure id=\"ezzmhyud\" class=\"n-content-image n-content-image--full\" data-component=\"image-set\"><picture><source media=\"(min-width: 700px)\" srcset=\"https:\/\/images.ft.com\/v3\/image\/raw\/ftcms%3A48f3a04d-9b81-4513-8a20-cd274979f843?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1 1x\" width=\"800\" height=\"450\"\/><img decoding=\"async\" src=\"https:\/\/images.ft.com\/v3\/image\/raw\/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F48f3a04d-9b81-4513-8a20-cd274979f843.jpg?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1\" alt=\"A Chinook helicopter hovers in snowy conditions as ground crew attach lifting equipment to an ISO container below\" data-image-type=\"image\" width=\"800\" height=\"450\" loading=\"lazy\"\/><\/picture><figcaption class=\"n-content-picture__caption o3-editorial-typography-caption\"><span\/><span>\u00a9 Lee Blease\/UK MoD\/Crown copyright<\/span><\/figcaption><\/figure>\n<p>Political infighting in the UK over the weeks leading up to Starmer\u2019s resignation prompted the Foreign Office to send a WhatsApp message to Britain\u2019s ambassadors around the world. <\/p>\n<p>What did overseas governments make of the turmoil, the department wanted to know. A key theme, according to people familiar with the exchanges on the group chat, was that, in the view of some other nations, the UK had become too \u201cinward-looking\u201d and \u201cinsular\u201d.<\/p>\n<p>The comments confirmed what officials suspected: not only has much of the UK\u2019s military firepower withered but its image across the world has also diminished.<\/p>\n<p>In the past, even when the UK\u2019s defence spending has ebbed, the country could rely on less tangible sources of international influence, such as the dominance of the English language and its role in multinational institutions, for example the UN.<\/p>\n<p>But now the UK\u2019s hard and soft power have both hit postwar lows, leaving the country exposed and <a href=\"https:\/\/www.ft.com\/content\/17eb685f-ec11-4e0c-8b9d-a38ff6e64719\" title=\"\" data-trackable=\"link\">less capable of adapting<\/a> to a new world order.<\/p>\n<h3 id=\"jopofcaf\" class=\"n-content-heading-3 o3-editorial-typography-subheading\">We\u2019re also reading\u2009.\u2009.\u2009.\u2009<\/h3>\n<ul class=\"o3-editorial-typography-list-unordered\">\n<li>\n<p><strong>Taxing billionaires:<\/strong> The topic has risen up in the public agenda from California to France. Soumaya Keynes puts together a light-hearted guide to the <a href=\"https:\/\/www.ft.com\/content\/bf1892d7-f9ef-479c-a1fb-f8dcb9efa328\" title=\"\" data-trackable=\"link\">key characters<\/a> of the debate.<\/p>\n<\/li>\n<li>\n<p><strong>Russia\u2019s fuel crisis:<\/strong> Ukraine\u2019s drone campaign against the country\u2019s energy infrastructure has led to supply shortages that are now affecting <a href=\"https:\/\/www.ft.com\/content\/954cebe9-63e1-417c-858e-6657b1a63ba8\" title=\"\" data-trackable=\"link\">35 per cent of the population<\/a>.<\/p>\n<\/li>\n<li>\n<p><strong>\u2018Fundamental flaws\u2019<\/strong>: The EU\u2019s exit-entry system, which is forcing some passengers to wait on the tarmac in intense heat, <a href=\"https:\/\/www.ft.com\/content\/83ae0ca8-ccce-4253-abfb-4c204f24bbbd\" title=\"\" data-trackable=\"link\">needs to be overhauled<\/a>, says the chief of Greek airports.<\/p>\n<\/li>\n<\/ul>\n<h3 id=\"ededuaqc\" class=\"n-content-heading-3 o3-editorial-typography-subheading\">Chart of the day<\/h3>\n<p>Demand for transformers and other power equipment is surging as AI data centres compete with renewable energy projects, transport electrification and industrial expansion for scarce supplies. Average lead times for transformer orders, once measured in months, now stretch into years. Prices for certain large devices <a href=\"https:\/\/ig.ft.com\/transformers\/\" title=\"\" data-trackable=\"link\">have almost doubled<\/a> post-pandemic.<\/p>\n<div id=\"hujlyeoy\" class=\"n-content-layout\" data-component=\"flourish\" data-component-id=\"29460693\" data-component-type=\"flourish-in-article\">\n<figure class=\"n-content-picture n-content-layout__container\"><a href=\"#29460693\"><picture data-asset-type=\"flourish\" data-flourish-id=\"29460693\" data-flourish-type=\"visualisation\">\n<div id=\"29460693\" class=\"cp-message o-message o-message--inform o-message--notice\" data-o-component=\"o-message\">\n<div class=\"o-message__container\">\n<div class=\"o-message__content\">\n<p class=\"o-message__content-main\">Some content could not load. Check your internet connection or browser settings.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/images.ft.com\/v3\/image\/raw\/https%3A%2F%2Fpublic.flourish.studio%2Fvisualisation%2F29460693%2Fthumbnail%3FcacheBuster%3D990873?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=1020&amp;dpr=1\" alt=\"\"\/><\/picture><\/a><\/figure>\n<\/div>\n<h3 id=\"ugwecrzx\" class=\"n-content-heading-3 o3-editorial-typography-subheading\">Take a break from the news\u2009.\u2009.\u2009.\u2009<\/h3>\n<p>The\u00a0Bal des Pompiers is an annual Parisian tradition where more than 40 fire stations around the city open their doors for a night of dancing and revelry. Kalle Oskari Mattila joins <a href=\"https:\/\/www.ft.com\/content\/bd07af81-e0e9-458d-9b08-7c8837fb18f9\" title=\"\" data-trackable=\"link\">the party brigade<\/a>.<\/p>\n<figure id=\"toutrtgc\" class=\"n-content-image n-content-image--full\" data-component=\"image-set\"><picture><source media=\"(min-width: 700px)\" srcset=\"https:\/\/images.ft.com\/v3\/image\/raw\/ftcms%3Aaf29f6a8-04b1-4982-933b-6c07af938601?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1 1x\" width=\"800\" height=\"450\"\/><img decoding=\"async\" src=\"https:\/\/images.ft.com\/v3\/image\/raw\/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Faf29f6a8-04b1-4982-933b-6c07af938601.jpg?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1\" alt=\"An illustration of an open-air area flanked by apartments with people milling around\" data-image-type=\"image\" width=\"800\" height=\"450\" loading=\"lazy\"\/><\/picture><figcaption class=\"n-content-picture__caption o3-editorial-typography-caption\"><span\/><span>\u00a9 Mathew Cook<\/span><\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Good morning and welcome to FirstFT. In today\u2019s newsletter: Trump says ceasefire with Iran is \u2018over\u2019 Burnham weighs deputy UK PM in charge of \u2018Number 10 North\u2019 Trump\u2019s surprise Ukraine shift steadies nervous Nato allies The erosion of Britain\u2019s power abroad We begin with the Middle East where hostilities between the US and Iran have&#8230;<\/p>\n","protected":false},"author":1,"featured_media":663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.ft.com\/v3\/image\/raw\/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F03db89f5-278b-4544-bc6d-e205a4df9c62.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1","fifu_image_alt":"","footnotes":""},"categories":[19],"tags":[304,126,3],"class_list":["post-662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-day","tag-iran","tag-strikes"],"_links":{"self":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts\/662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=662"}],"version-history":[{"count":0,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts\/662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/media\/663"}],"wp:attachment":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}