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President Trump said Saturday he is holding off on a fresh Iran strike to allow time for a deal to halt Tehran's nuclear program and reopen the Strait of Hormuz. Oil markets remain tense as Iran warned of decisive retaliation and Brent crude has already risen 24 percent in July 2026.
US and Saudi forces struck Iran-aligned militant sites across eastern Iraq on Wednesday in response to more than 30 IRGC-directed drone attacks in 72 hours. Crude oil prices surged over four percent as Iran simultaneously seized three tankers in the Strait of Hormuz, reviving supply fears.
A two-day halt in US airstrikes on Iran and Iranian retaliatory attacks on US bases followed active diplomacy by Pakistan, Turkey, and Qatar. US officials also cited Patriot missile shortages and internal caution as factors behind the pause.
Brent crude dropped $6.20 to $90.58 and WTI fell $5.80 to $83.51 on Monday after the US and Iran paused military strikes, raising hopes of a diplomatic solution. Shipping through the Strait of Hormuz remains well below normal, and Houthi attacks on Saudi Red Sea installations keep the supply outlook fragile.
Houthi rebels claimed a missile strike on the Saudi city of Jizan on Saturday, escalating a conflict that now threatens both of Saudi Arabia's main oil export routes simultaneously. The flare-up adds pressure on US-Iran talks as the five-month-old war continues to widen across the region.
The US has paused nightly airstrikes against Iran amid reports of shrinking Patriot interceptor stockpiles and internal White House concerns about escalation risks. The break has revived diplomacy prospects, but Iran's Strait of Hormuz blockade and Houthi attacks on Saudi Aramco sites keep the conflict active.
US forces have struck targets closer to Tehran than at any point in the current conflict, while Iran has hit Kuwait and Jordan and a tanker was struck in the exchange. The geographic expansion raises immediate risks for Persian Gulf oil shipping and pulls Arab states with US military ties into the crisis.
The US and Iran have exchanged strikes for eight straight nights, with Iranian attacks hitting Kuwaiti power infrastructure and killing 16 American troops in total. Gulf states, Jordan, Qatar, and the Arab League are urging an immediate ceasefire, warning of severe damage to regional energy markets and trade routes.
The US struck Iran's Hormozgan province for an eighth straight night, targeting the Sirik and Hajiabad areas, as the military cited revenge for the killing of two American soldiers. Iran returned fire on Gulf bases, widening the geographic scope of the conflict and raising fresh risks for regional energy flows.
The US launched new airstrikes on Iran after two American troops were killed in Jordan, bringing the US death toll in the conflict to 16. Iran hit two US bases in Kuwait with kamikaze drones and warned it will shift to full-scale offensive operations if strikes continue.
Brent crude rose to $84.30 and WTI to $79.11 on Friday, with both benchmarks up nearly 12 percent for the week after the US launched six consecutive nights of strikes on Iran. Tehran has told Houthi forces to be ready to shut the Red Sea route if US strikes hit Iranian power infrastructure.
The US launched a sixth consecutive day of airstrikes against Iran on July 19, 2026, saying the attacks aim to further degrade Iranian military capabilities. Sustained strikes near the Strait of Hormuz raise risks for global oil supply and regional stability.
The US military struck an airport, bridges, and a railway station in Iran on Thursday as part of a sixth consecutive night of airstrikes described as targeting Iranian military capabilities. The campaign's expansion to transport infrastructure raises oil market risk and escalation concerns across the region.
US forces completed a seventh straight night of strikes on Iranian military and logistics sites while Iran hit US bases in Kuwait and Jordan. Oil prices surged over four percent as both sides actively disrupted shipping through the Strait of Hormuz, threatening one-fifth of global oil supply.
The US launched a second wave of strikes on Iran's coastal defences and missile sites Thursday, while Iran hit American military installations in Bahrain, Kuwait, and Jordan. Brent crude hit a one-month high of $84.95 as the Strait of Hormuz remained closed, keeping global energy markets on edge.
President Donald Trump declared the U.S.-Iran ceasefire over and the U.S. struck Iran amid threats of a Hormuz Strait blockade. A disruption to the strait, through which roughly 20 percent of global oil supply flows, could send energy prices sharply higher worldwide.
US forces struck Iranian military targets near Bandar Abbas and Qeshm Island for a sixth straight night, while Iran attacked US facilities in Bahrain and Kuwait. The Strait of Hormuz remains largely closed to shipping, pushing global energy prices higher as both sides escalate.
Trump dropped a proposed 20 percent Hormuz transit fee hours before it was set to take effect, saying Gulf states will make investment deals with the US instead. Oil rose two percent as US strikes on Iran continued for a third night and regional exchanges escalated across Jordan, Bahrain, and Kuwait.
The Indian rupee dropped 27 paise to close at 95.65 against the U.S. dollar on Wednesday, its worst single-session fall in recent weeks. Renewed U.S.-Iran drone and missile strikes drove crude prices higher and strengthened the dollar, triggering capital outflows from Indian markets.
Brent crude rose 2.3 percent to $85.20 a barrel on Tuesday as the US reimposed a naval blockade of Iran and both sides escalated strikes in the Strait of Hormuz. Tanker traffic through the strait fell to a two-month low, with two UAE vessels hit by Iranian cruise missiles and one Indian crew member killed.
Tag
President Trump said Saturday he is holding off on a fresh Iran strike to allow time for a deal to halt Tehran's nuclear program and reopen the Strait of Hormuz. Oil markets remain tense as Iran warned of decisive retaliation and Brent crude has already risen 24 percent in July 2026.
26d ago · 4 min · Global Affairs
US and Saudi forces struck Iran-aligned militant sites across eastern Iraq on Wednesday in response to more than 30 IRGC-directed drone attacks in 72 hours. Crude oil prices surged over four percent as Iran simultaneously seized three tankers in the Strait of Hormuz, reviving supply fears.
1mo ago · 4 min · Global Affairs
A two-day halt in US airstrikes on Iran and Iranian retaliatory attacks on US bases followed active diplomacy by Pakistan, Turkey, and Qatar. US officials also cited Patriot missile shortages and internal caution as factors behind the pause.
1mo ago · 4 min · Global Affairs
Brent crude dropped $6.20 to $90.58 and WTI fell $5.80 to $83.51 on Monday after the US and Iran paused military strikes, raising hopes of a diplomatic solution. Shipping through the Strait of Hormuz remains well below normal, and Houthi attacks on Saudi Red Sea installations keep the supply outlook fragile.
1mo ago · 4 min · Markets
Houthi rebels claimed a missile strike on the Saudi city of Jizan on Saturday, escalating a conflict that now threatens both of Saudi Arabia's main oil export routes simultaneously. The flare-up adds pressure on US-Iran talks as the five-month-old war continues to widen across the region.
1mo ago · 4 min · Global Affairs
The US has paused nightly airstrikes against Iran amid reports of shrinking Patriot interceptor stockpiles and internal White House concerns about escalation risks. The break has revived diplomacy prospects, but Iran's Strait of Hormuz blockade and Houthi attacks on Saudi Aramco sites keep the conflict active.
1mo ago · 4 min · Global Affairs
US forces have struck targets closer to Tehran than at any point in the current conflict, while Iran has hit Kuwait and Jordan and a tanker was struck in the exchange. The geographic expansion raises immediate risks for Persian Gulf oil shipping and pulls Arab states with US military ties into the crisis.
1mo ago · 3 min · Global Affairs
The US and Iran have exchanged strikes for eight straight nights, with Iranian attacks hitting Kuwaiti power infrastructure and killing 16 American troops in total. Gulf states, Jordan, Qatar, and the Arab League are urging an immediate ceasefire, warning of severe damage to regional energy markets and trade routes.
1mo ago · 4 min · Global Affairs
The US struck Iran's Hormozgan province for an eighth straight night, targeting the Sirik and Hajiabad areas, as the military cited revenge for the killing of two American soldiers. Iran returned fire on Gulf bases, widening the geographic scope of the conflict and raising fresh risks for regional energy flows.
1mo ago · 3 min · Global Affairs
The US launched new airstrikes on Iran after two American troops were killed in Jordan, bringing the US death toll in the conflict to 16. Iran hit two US bases in Kuwait with kamikaze drones and warned it will shift to full-scale offensive operations if strikes continue.
1mo ago · 4 min · Global Affairs
Brent crude rose to $84.30 and WTI to $79.11 on Friday, with both benchmarks up nearly 12 percent for the week after the US launched six consecutive nights of strikes on Iran. Tehran has told Houthi forces to be ready to shut the Red Sea route if US strikes hit Iranian power infrastructure.
1mo ago · 4 min · Global Affairs
The US launched a sixth consecutive day of airstrikes against Iran on July 19, 2026, saying the attacks aim to further degrade Iranian military capabilities. Sustained strikes near the Strait of Hormuz raise risks for global oil supply and regional stability.
1mo ago · 3 min · Global Affairs
The US military struck an airport, bridges, and a railway station in Iran on Thursday as part of a sixth consecutive night of airstrikes described as targeting Iranian military capabilities. The campaign's expansion to transport infrastructure raises oil market risk and escalation concerns across the region.
1mo ago · 3 min · Global Affairs
US forces completed a seventh straight night of strikes on Iranian military and logistics sites while Iran hit US bases in Kuwait and Jordan. Oil prices surged over four percent as both sides actively disrupted shipping through the Strait of Hormuz, threatening one-fifth of global oil supply.
1mo ago · 4 min · Global Affairs
The US launched a second wave of strikes on Iran's coastal defences and missile sites Thursday, while Iran hit American military installations in Bahrain, Kuwait, and Jordan. Brent crude hit a one-month high of $84.95 as the Strait of Hormuz remained closed, keeping global energy markets on edge.
1mo ago · 4 min · Global Affairs
President Donald Trump declared the U.S.-Iran ceasefire over and the U.S. struck Iran amid threats of a Hormuz Strait blockade. A disruption to the strait, through which roughly 20 percent of global oil supply flows, could send energy prices sharply higher worldwide.
1mo ago · 3 min · Global Affairs
US forces struck Iranian military targets near Bandar Abbas and Qeshm Island for a sixth straight night, while Iran attacked US facilities in Bahrain and Kuwait. The Strait of Hormuz remains largely closed to shipping, pushing global energy prices higher as both sides escalate.
1mo ago · 4 min · Global Affairs
Trump dropped a proposed 20 percent Hormuz transit fee hours before it was set to take effect, saying Gulf states will make investment deals with the US instead. Oil rose two percent as US strikes on Iran continued for a third night and regional exchanges escalated across Jordan, Bahrain, and Kuwait.
1mo ago · 4 min · Global Affairs
The Indian rupee dropped 27 paise to close at 95.65 against the U.S. dollar on Wednesday, its worst single-session fall in recent weeks. Renewed U.S.-Iran drone and missile strikes drove crude prices higher and strengthened the dollar, triggering capital outflows from Indian markets.
1mo ago · 3 min · Markets
Brent crude rose 2.3 percent to $85.20 a barrel on Tuesday as the US reimposed a naval blockade of Iran and both sides escalated strikes in the Strait of Hormuz. Tanker traffic through the strait fell to a two-month low, with two UAE vessels hit by Iranian cruise missiles and one Indian crew member killed.
1mo ago · 4 min · Global Affairs