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Oil Markets
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Iran Escalates Regional Hostilities Amid Renewed Conflict With United States
Iran has intensified its military operations across the Middle East, striking targets in Bahrain and Jordan, while Houthi rebels threaten to disrupt Saudi Arabian shipping routes amidst a widening conflict with the United States.
July 21, 2026
President Trump Authorizes New Military Strikes Against Iran Following Shipping Attacks in Hormuz
President Trump has ordered fresh military strikes on Iran following attacks on shipping vessels in the Strait of Hormuz, declaring the previous ceasefire over as regional tensions intensify.
July 8, 2026