Ethan Hunt (Tom Cruise) goes for a dip in the latest Mission: Impossible — Rogue Nation trailer.

In the new spot, Ethan dives into a vat of water to attempt to open a vault, soon finding himself without oxygen or a way out.

The fifth installment of the Mission: Impossible franchise is helmed by Christopher McQuarrie, who previously directed Cruise in 2012's Jack Reacher. It centers on the Impossible Missions Force leader and his team battling a rogue organization known as "The Syndicate."

Rogue Nation co-stars Jeremy Renner, Simon Pegg, Alec Baldwin, Ving Rhames and Rebecca Ferguson. Paramount will release the film July 31.

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