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strikeJul 14, 2026

US attacks Iran and Tehran retaliates across the Middle East as both vie for control of strait

Summary

DUBAI, United Arab Emirates (AP) — The U.S. launched strikes on Iran early Tuesday morning, hours after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz. Trump separately suggested the United States will charge other ships for safe passage, upending hundreds of years of American policy supporting freedom of navigation across the globe. Iran responded with attacks targeting Bahrain Jordan and two tankers associated with the United Arab Emirates traveling through the strait, killing one mariner and wounding eight others. The Emirates threatened to retaliate against Iran, potentially drawing the nation that is home to Abu Dhabi and Dubai back into fighting with Tehran. The attacks come as Iran and the U.S. vie for control of the strait through which a fifth of all traded crude oil and natural gas once passed in peacetime. The price of benchmark Brent crude oil rose to a one-month high of over $84 in trading early Tuesday, still well below the nearly $120 reached at the height of the war but threatening to make costs everywhere higher. Trump insists strait will be open The U.S. military’s Central Command said it struck areas around Abu Musa, Bandar Abbas, Bushehr, Chahbahar, Jask and Konarak, targeting Iranian “coastal defense systems, missile and drone sites and maritime capabilities.” Iran acknowledged strikes around those areas, but provided no immediate casualty or damage assessments. “These strikes will continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz,” the U.S. military said. Moments after the military announced the new strikes, Trump called it “another major attack.” “We’re hitting them very hard. And it’ll continue, and we’ll see what happens,” he told reporters in the Oval Office. “We’re knocking out all of their offensive capability and we’re controlling the straits. We’re putting the blockade back.” Trump also provided new details on his suggestion that the U.S. will charge tolls for ships going through the strait, an about-face after previously saying that it wouldn’t. “We’re protecting a very rich portion of the world,” he said. “We’re spending money. And so, what we’ve done is, we are going to be reimbursed for protection.” It’s a change in U.S. policy that, until now, said the strait should remain open to all without tolls — as it was before the U.S. and Israel attacked Iran on Feb. 28. Any attempt by the U.S. or Iran to charge fees would violate global norms on freedom of navigation and raise tensions, likely causing further economic disruption far beyond the region. The U.S. Navy has fought for freedom of navigation on the seas since the Barbary Wars and the War of 1812. Attacks resume across the Mideast The United Arab Emirates’ Defense Ministry said early Tuesday that Iran attacked two tankers in the Strait of Hormuz, killing one mariner and wounding eight others. The Emirati Defense Ministry said Iran launched two cruise missiles at the tankers Mombasa and Al Bahiyah. The attacks set both tankers ablaze, though the fires were extinguished. Iran’s paramilitary Revolutionary Guard claimed the attack on the tankers, saying the vessels “ignored repeated warnings.” “They chose to pass through a minefield and were subsequently targeted and disabled,” the Guard said. Bahrain also came under renewed attack early Tuesday morning as Iran retaliated over the latest round of U.S. airstrikes. Bahrain sounded its missile alert sirens three times, urging the public to seek shelter. There was no word on any damage or casualties from the attack. The Emirati Defense Ministry said the attack on the tankers killed one Indian national and wounded six Indians and two Ukrainians. “The UAE reserves its full right to respond to this escalation and to take all necessary measures to protect its territory, its citizens and residents,” the Defense Ministry added. The Emirates used similar language before launching attacks against Iran during the war. Fighter jets could be heard overheard Tuesday morning in Dubai. The U.S. Embassy in Abu Dhabi and the U.S. Consulate in Dubai alerted Americans early Tuesday that consular appointments had been canceled through Wednesday “due to the regional security situation.” Jordan’s military said it intercepted four missiles from Iran, according to a statement carried by the kingdom’s state-run Petra news agency. Jordan hosts U.S. forces and has come under attack by Tehran in recent days. Trump says Iran failed a test Earlier Monday, Trump told conservative radio host Hugh Hewitt that the agreement reached last month was “built to test” Iran, adding that “when you’re dealing with sleazebags (agreements) don’t mean much.” “They didn’t honor the test,” the president said. Iran asserts it has the right to manage traffic through the strait and potentially charge fees in accordance with the interim peace deal. The U.S. has disputed that. The American military and the United Nations’ International Maritime Organization have tried to establish a route through the strait along the coast of Oman that would be outside of Iranian control. Iran has attacked ships using that route, saying the U.S. is violating the interim peace deal. The U.S. has attacked Iran in response, drawing Iranian attacks on U.S.-allied Arab states. Exchanges of fire in recent days had already cast further doubt on the interim peace deal. Washington had lifted a blockade it imposed in mid-April as part of that deal, which also called for the strait to be fully reopened. “We are reinstating the THE IRANIAN BLOCKADE,” Trump said on social media. “All other countries will have fair and open use of the Strait.” The president said the U.S. would be “reimbursed” by 20% of the value of cargo to help cover “any and all costs necessary to do the job of providing safety and security.” The U.S. military said it will resume its blockade of Iranian ports at midnight local Wednesday in Dubai.

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  • JON GAMBRELL, Associated PressBy JON GAMBRELL, Associated Press

    DUBAI, United Arab Emirates (AP) — The U.S. launched strikes on Iran early Tuesday morning, hours after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz. Trump separately suggested the United States will charge other ships for saf

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strikeUnverifiedUSIranProxy
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The government has said the UK is “ready to defend itself” after Iran’s military warned that any bases being used by the US were “legitimate targets”. The UK has allowed the US to launch “defensive” operations from British bases hosting American planes since the start of its war on Iran but has refused to help in offensive operations.

That policy has not been altered by the new prime minister, Andy Burnham, who was notified last week that a decision had been made to extend the agreement with the US. Iran’s Islamic Revolutionary Guard Corps said on Thursday that “any base used for aggression against Iranian territory constitutes a legitimate target for our forces”.

In a statement published on the IRGC-linked Tasnim news agency, the group said American bombing missions had been launched from RAF Fairford in Gloucestershire two days earlier. The statement came after the US carried out a 12th consecutive night of strikes against targets in Iran.

The Ministry of Defence has not commented on whether Fairford was used by the US for operations against Iran this week. The IRGC also accused the “British monarchy regime” of causing being the “primary cause of hardships in our region with a black record of partitioning Islamic nations, widespread massacres, imposing despotic regimes, and organising the occupation of Palestine”.

It warned the government “not to weigh down its record any further”. A spokesperson for the British government said: “Our armed forces are ready to keep the United Kingdom safe from any kind of attacks, whether it’s on our soil or from abroad. The UK stands ready 24/7 to defend itself.

“This includes through operating a layered approach to air and missile defence, provided by Royal Navy, British Army and Royal Air Force assets equipped with a range of advanced capabilities, working closely with our Nato allies. “We are committed to defending our people, our interests and our allies, acting in accordance with international law and not getting drawn into the wider conflict.

” On 1 March a drone struck the RAF base at Akrotiri in Cyprus, hitting a hangar, and prompting a partial evacuation of the facility. On 19 March, Iran fired two ballistic missiles at the UK’s Diego Garcia base in the Chagos Islands. One reportedly failed mid-flight, while the other was shot down by a US airship.

Iran has launched strikes against countries in the Gulf that house US military bases, including Bahrain, the United Arab Emirates and Kuwait, killing American service personnel in some of the attacks. Donald Trump said Iran would “pay a big price” for killing US troops.

On Thursday afternoon, the US president said he was considering ordering a “massive attack” on Iran. “I am close to making a decision,” he told Axios. “We’re all set for it.” He said he believed Iran’s leaders “want to negotiate”, but aren’t yet ready to make a deal.

In another sign of the conflict potentially escalating, Yemen’s Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea on Thursday, as oil topped $100 a barrel.

strikeUnverifiedUSIranProxyRussia
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September WTI crude oil (CLU26) on Thursday closed up +5.36 (+6.17%), and September RBOB gasoline (RBU26) closed up +0.0793 (+2.44%). WTI crude oil prices (CLU26) rallied more than +6% on Thursday after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea.

Sep Brent crude oil prices (CBU26) on Thursday rallied above $100 per barrel for the first time since May. President Trump said in an interview with Axios on Thursday that he is considering a “massive attack” that would be “bigger than ever before” and is “close to making a decision on it.

”Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt.

Meanwhile, the US and Iran exchanged attacks for the 12th straight day, and the US maintained its blockade of Iranian oil shipments in the Persian Gulf. Global crude oil supplies are tightening due to reduced flows through the Strait of Hormuz. The International Maritime Organization warned last Wednesday that it is too dangerous to cross the Strait of Hormuz at the moment, and visible transit through the strait has fallen sharply as Iran continues targeting tankers attempting to transit it.

Crude prices also have support as Ukraine intensifies drone attacks on Russian oil infrastructure. Russian crude production fell to 8.928 million bpd in June, the lowest in 2.5 years, according to monthly OPEC data. According to EA Analytics, Russian crude-processing rates will average 3.

51 million bpd in July, the lowest in 24 years, amid damage to Russian energy infrastructure caused by drone and missile attacks from Ukraine. According to Bloomberg, Ukrainian forces have attacked Russian fuel-producing facilities more than 50 times this year, hitting at least 24 of Russia’s 34 largest refineries.

As of the end of June, around 90% of Russian regions have imposed some form of fuel rationing or reported supply issues, as refining capacity has plunged following damage to facilities. The strikes have deepened a nationwide gasoline shortage, with several major refineries shut down and the government banning almost all gasoline, jet fuel and diesel exports.

Russia is the world’s number two diesel exporter, after the US, according to Vortexa. Stronger Russian crude exports are also adding to global oil supplies, which is bearish for prices. Data compiled by Bloomberg show the four-week average of Russian crude exports rose to 4.

13 million bpd through June 28, the highest since Russia invaded Ukraine in 2022. Russia may be boosting its crude exports as the country’s refining capacity has plunged due to damage at its refining facilities from Ukraine drone and missile attacks.

The outlook for higher US crude output is negative for oil prices. The Department of Energy (DOE) on July 7 raised its US 2026 crude production estimate to 13.78 million bpd from a June estimate of 13.72 million bpd. As a bearish factor for crude, OPEC delegates said on May 14 that the cartel aims to continue a series of oil quota increases over the next few months, completing the return of halted oil production by the end of September.

The group already formally agreed to restore about two-thirds of the 1.65 million bpd supply cutback it made back in 2023 and said it plans to raise output targets further and to revive the final portion in three more monthly stages. On July 5, OPEC+ said it will boost its crude output by 188,000 bpd in August, though that increase might prove difficult due to revived US-Iran military attacks in the region.

OPEC’s June crude production rose by +2.34 million bpd to 18.75 million bpd. Vortexa reported on Monday that crude oil stored on tankers that have been stationary for at least 7 days rose +31% w/w to 90.03 million bbl in the week ended July 17. Wednesday’s weekly EIA report was mostly negative for crude oil and products.

EIA crude inventories unexpectedly rose +2.01 million bbl versus expectations of a -1.95 million bbl decline. Also, EIA gasoline supplies rose by +765,000 bbl versus expectations of a -1.9 million bbl decline. In addition, EIA distillate stockpiles rose by +1.

4 million bbl, a larger build than expectations of +825,000 bbl. On the positive side, crude supplies at Cushing, the delivery point for WTI futures, fell -624,000 bbl. Wednesday’s EIA report showed that (1) US crude oil inventories as of July 17 were -5.

3% below the seasonal 5-year average, (2) gasoline inventories were -7.1% below the seasonal 5-year average, and (3) distillate inventories were -9.6% below the 5-year seasonal average. US crude oil production in the week ending July 17 fell -0.5% w/w to 13.

798 million bpd, just below the record high of 13.862 million bpd posted in the week of November 7. Baker Hughes reported last Friday that the number of active US oil rigs in the week ended July 17 rose by +7 to a 13-month high of 452 rigs, up from the 4.

25-year low of 406 rigs posted in December 2025. However, the number of US oil rigs remains sharply below the 5.5-year high of 627 reported in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article.

All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

strikeUnverifiedUSIsraelIran
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TEL AVIV, July 23. /TASS/. The Israel Defense Forces (IDF) will deal "a crushing blow" to Iran, if it attacks the Jewish state, Defense Minister Israel Katz warned, according to the Ynet portal. "We are ready for any development of events. If Iran attacks Israel, we will deal a crushing blow," he said.

Earlier on Thursday, US President Donald Trump said that he was considering carrying out a massive attack on Iran, and the strikes would be harder than before. According to the American leader, Israel will "join the attack in two minutes" if requested by the United States.

However, he added that Washington "does not need anyone" to launch a new military operation. Trump did not specify a deadline for making a decision. The United States and Israel started a war with Iran on February 28. In June, Washington and Tehran signed a memorandum of understanding providing for an immediate cessation of hostilities on all fronts, including in Lebanon.

However, on the night of July 8, the United States resumed large-scale strikes against Iran, accusing it of violating the terms of the agreements regarding the Strait of Hormuz.

strikeUnverifiedUSIsraelIran
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The British government stated that it stands ready to defend itself following Iranian comments designating UK bases hosting US forces as legitimate targets in response to US military strikes on Iran. Iranian officials described the UK as an accomplice to US operations, while UK policy has allowed US use of bases such as RAF Fairford and Diego Garcia for what the UK has termed defensive purposes.

Permissions for this arrangement, first granted in March, were extended under the current UK government.

Location: Iran