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strikeJul 22, 2026

Iran, Gulf hit as Hormuz, Bab al-Mandeb close: What’s the latest?

Summary

Iran, Gulf hit as Hormuz, Bab al-Mandeb close: What’s the latest? Defense Secretary Pete Hegseth tells US senators that the war has cost the US $37.5bn so far. The conflict in the Middle East has widened as two oil tankers headed to Asia, carrying Saudi crude, turned around in the Red Sea on Tuesday after Yemen’s Houthis announced a naval blockade against Saudi Arabia. The closure of the Bab al-Mandeb strait that connects the Red Sea to the Indian Ocean adds pressure on global trade routes, with ongoing disruptions in the Strait of Hormuz due to the ongoing US-Israel war on Iran. Escalations continue, as the United States announced that it concluded its 11th round of attacks on Iran. Tehran retaliated, hitting US military targets in the Gulf. Here is a recap of what happened on Tuesday night and Wednesday. Where did the US attack Iran? The US Central Command (CENTCOM) said that at 00:15 GMT on Wednesday, it concluded its latest round of strikes against Iran for the 11th consecutive night. CENTCOM said it targeted Iranian military operations centres, maritime capabilities, aircraft hangars, drone storage facilities and military logistics infrastructure “to further degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz”. The CENTCOM statement claimed that over the past three months, Iran had attacked more than 30 commercial vessels traversing the Strait. The deputy governor of Iran’s southwestern Khuzestan province told the Fars news agency in Iran that US missile attacks targeted areas near the cities of Behbahan and Omidiyeh in the province on Wednesday. The agency also reported that early on Wednesday, US forces attacked a military site on the outskirts of Tabriz in northwestern Iran. Al Jazeera’s Tohid Assidi reported from Iranian capital Tehran that explosions were heard in Tabriz. Assidi additionally reported that air defences were activated in Tehran and that two blasts were heard in Bushehr. Iran’s IRIB state broadcaster said that the deputy governor of Sistan and Baluchestan province had confirmed attacks on the southeastern cities of Chabahar and Konarak. IRIB additionally reported, citing the deputy governor of Hamadan province, that US forces launched air attacks on Kabudarahang County in west-central Hamadan province in the latest round of attacks. The broadcaster also reported that air attacks hit the Chavar and Abdanan regions in Iran’s western Ilam province and that US attacks hit the western Kurdistan province. Where did Iran attack the Gulf? Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Wednesday that “the operation to punish the aggressor continues”, IRIB reported. Kuwait: Iran’s military says it launched drones at US military facilities at Camp Doha in western Kuwait on Wednesday, Iran’s semi-official Tasnim news agency reported. Jordan: Iran’s military said in a statement on Wednesday that it targeted Jordan’s Muwaffaq Salti Airbase in Azraq with drones, according to the Mehr News Agency. The statement said: “The army targeted the ‘housing and welfare buildings’ and ‘equipment warehouses’ of the terrorist US army at the Azraq base in Jordan with drones in the morning.” Bahrain: The statement, cited by Mehr news agency, added that Iran targeted Bahrain’s Isa Airbase with drones. “[Drones] also targeted the ‘large equipment warehouses and sheds’ and the ‘heavy aircraft maintenance and repair sheds’ of the child-killing and criminal US army at the Sheikh Isa Airbase in Bahrain,” the statement said. Death, diplomacy and dollars The US Department of Defense said in a statement on Wednesday that a third US soldier is believed to have been killed in action during an Iranian strike on Muwaffaq Salti Airbase in Jordan on July 17. The department said the 28-year-old had previously been reported missing, but that the soldier’s status has now been updated to “Duty Status -Whereabouts Unknown, believed deceased”. Two other soldiers were killed in the attack on the Jordan base. Another soldier was also killed in Iraq last week while attempting to detonate explosives on an Iranian drone. The latest death brings the total number of US soldiers killed to 18 since the war on Iran began on February 28. US Secretary of State Marco Rubio said that Washington is open-minded on the war on Iran and willing to engage, negotiate and settle differences. “If they’re serious, we’re serious. If they’re not, then we will do what’s necessary to protect our interests and also the interests of our allies,” Rubio said in a meeting with Southeast Asian counterparts in Manila. Meanwhile in Washington, US Defense Secretary Pete Hegseth told senators during a hearing that the war had cost the country’s military $37.5bn so far, urging them to approve an additional $67bn to replenish depleted missile supplies.

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  • Sarah ShamimBy Sarah Shamim

    Iran, Gulf hit as Hormuz, Bab al-Mandeb close: What’s the latest? Defense Secretary Pete Hegseth tells US senators that the war has cost the US $37.5bn so far. The conflict in the Middle East has widened as two oil tankers headed to Asia, carrying Saudi crude, turned around in th

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Top Israeli Minister: 'Best For Us' If US Fights Iran While Israel Sits Out New Round of War

As four more American families grieve the deaths of soldiers killed in the war on Iran, one of the top-ranking ministers in Israel's cabinet told an Israeli audience that having America do all the fighting and dying is "the best for us." Israel had intensely lobbied President Trump to launch a joint war on Iran on Feb 22, and traded blows with Iran up until early June. Since Trump restarted intense, daily bombardment of Iran 11 days ago, however, Israel has sat out the action, sparing Israelis from lethal Iranian retaliation.

“The State of Israel has no interest in joining the contained confrontation between Iran and the United States," far-right finance minister Bezalel Smotrich said in a session at the Katif Conference for National Responsibility, which endorses Jewish settlement in Palestinian territories. "The current situation is the best one for us.” Bezalel Smotrich leads the Religious Zionism party and wants Israel to annex the West Bank and Gaza (MENAHEM KAHANA / AFP)

Smotrich is generally regarded as the second-most powerful cabinet member in Israel, and is a vital linchpin in Netanyahu's government that took power in January 2023. Lacking an outright majority, Netanyahu was forced to build a ruling coalition that gives unprecedented power to religious and ultra-nationalist extremists. Smotrich leads the Religious Zionism party. He personally aspires to make Israel a theocracy, wants Israel to annex the West Bank and Gaza while barring most Palestinians from citizenship, and has said it would be "just and moral" to starve two million Palestinian men, women and children in Gaza.

In his latest remarks, Smotrich candidly acknowledged that Israel and the United States have different goals vis a vis Iran, but said America's continued military engagement furthers the Israeli agenda. “[We] must remember that the ultimate goal of Israel, and not necessarily the United States, is to undermine and weaken the regime in Iran – to the point of overthrowing it,” Smotrich said. Army SGT Michael Swinton was killed July 19 when a controlled detonation of an Iranian drone went terribly wrong (Mia Gonzalez-Swinton via Guardian)

Disregarding the widespread victimization of innocents that the strategy entails, Smotrich said destruction of Iran's economy will help precipitate the Iranian government's collapse. "Currently, inflation in Iran is at 85 percent, food inflation of over 134 percent in a total of four months, and the Iranian rial is trading at an exchange rate of 1.9 million to the dollar - and it's going up." He then reiterated that "the current situation is good for us, and there's no point in pushing ourselves inward."

Footage of the Iranian ballistic missile strike on Muwaffaq Salti Air Base in Jordan last night. At least two missiles hit the base, killing two American service members. pic.twitter.com/8tOm6yyXwe — OSINTtechnical (@Osinttechnical) July 18, 2026 Here's how Israeli journalist Hagai Amit recently described the benefits of Israel allowing the United States to plunge forward alone in the war that Israel urged America to start:

It reduces the risk of [Israeli] casualties and allows daily life to continue largely as normal, without midnight sirens, trips to bomb shelters or major disruptions. The Finance Ministry is also relieved not to have to burden the state budget with billions of additional shekels for air operations and the interception of ballistic missiles.

Meanwhile, as Amit warmly describes the cost savings for Israel, various analysts say America's cost of the Iran quagmire is now close to or even exceeding $100 billion, which is upwards of triple what the Pentagon has owned up to at this point. 1LT Tyler Feehan and PVT Isabella Gonzales were two of three Army soldiers killed in the Iranian strike on US forces at base in Jordan

Of course, the highest price is being paid by American service members who've been thrown into an unconstitutionally-initiated war launched on false premises. Four more US soldiers have been killed since Trump re-escalated the war. In addition to US Army SGT Michael Swinton being killed in Iraq when a controlled detonation of an Iranian drone went wrong, three more soldiers were killed in an Iranian strike that hit prefabricated housing units at Muwaffaq Salti Air Base in Jordan.

Initially, the Pentagon confirmed only two fatalities in Jordan: 19-year-old PVT Isabella Gonzales and 1LT Tyler Feehan. The third was classified as MIA, but the Pentagon is now saying SGT Angel Rampersad is "believed to be deceased."  The grim implication is that Rampersad's body was devastated by an Iranian missile -- nearly five months after US Defense Secretary Pete Hegseth declared that Iran's military had been "made combat-ineffective," and almost two months after Sen. Ted Cruz said US forces had "destroy[ed] all of their missiles and drones."

Tyler Durden Wed, 07/22/2026 - 12:05

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Even import and export trade has become worse and worse." 5. Seaside resort 6. Various of cargo ship 7. People at beach Storyline Jordan's Red Sea port city Aqaba, once synonymous with sun-soaked beaches and pleasant diving, has been thrust into the forefront of regional tensions highlighted by the United States-Israel military strikes on Iran and Iran's retaliatory attacks on U.

S. assets in the country in recent months. Iran's Islamic Revolution Guard Corps (IRGC) said on Monday that its forces had launched missile and drone strikes against U.S. assets and facilities in Jordan and Kuwait in retaliation for the U.S. frequent "aggressions" against Iran's territory.

The Jordanian military has issued a series of statements saying that its air defense system has once again intercepted multiple missiles that entered Jordanian airspace from abroad. The Jordanian government emphasized that safeguarding national sovereignty and airspace security is the air forces' top priority, and called on the international community to de-escalate regional tensions as soon as possible to prevent further spillover of the conflict.

For Jordan, Aqaba is not only a tourist city, but also plays a vital role as the country's only outlet to the sea, and most of the country's import and export goods are transported through here. If the regional security situation remains tense, it will not only upset the tourism industry, but could also have a ripple effect on the country's logistics, energy supply, and overall economy, said affected residents.

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Oil Soars To Six-Week Highs Amid Trump Threats, US Production Dip, & 'Tank Bottoms' At Cushing

Oil prices extended their rise this morning to six week highs as fighting between the US and Iran continued around the Persian Gulf (11th straight night of attacks) and threats of a blockade in the Red Sea added to growing uncertainty about the flow of energy from the region.

Secretary of State Marco Rubio said on Wednesday that U.S. forces would continue to attack Iran as long as it tried to exercise control over shipping traffic, which has dwindled in recent weeks.

Yesterday, President Trump and Secretary of War Pete Hegseth threatened to deepen the war effort, including by potentially targeting the Houthis.

Trump further threatened the Iranians this morning, saying on his social media network that if the country attacks any ship in the Strait of Hormuz, “the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran.”

WTI is back at six-week highs, dragging bond yields higher and seemingly wearing on stocks too. Overnight saw API report an unexpected build in crude but an 'expected' draw in gasoline stocks.

API

Crude +2.6mm

Cushing

Gasoline -1.38mm

Distillates +1.76mm

DOE

Crude +2.01mm (-500k exp)

Cushing -674k

Gasoline +765k

Distillates +1.395mm

Crude stocks rose (in line with API's report) but Gasoline stocks rose (against API's reported draw)...

Stocks at the all-important Cushing hub fell again last week, unable to recover from 'tank bottoms'...

Interestingly, crude oil releases from the Strategic Petroleum Reserve re-accelerated last week...

Despite the ongoing rise in the rig count, US crude production dipped last week from record highs...

Next week’s EIA data may be more volatile depending on how hard Tropical Storm Bertha will impact the Gulf Coast. The storm could disrupt port operations and data on imports and exports. Bad weather could also make a dent on fuel demand on the East Coast.

Crude imports from the Middle East remained at zero for a third week in the seven days to June 17. A couple of ships hauling Saudi crude to the US managed to leave the Persian Gulf during the brief opening of the Strait of Hormuz. But the waterway’s effective closure and the simultaneous threats to ships in the southern Red Sea will likely make further deliveries scarce.

WTI is holding around $88 at six-week highs...

The conflict is widening at a vulnerable time for energy markets.

Oil stockpiles are smaller than they were when U.S.-Israeli strikes on Iran began at the end of February, and Ukrainian attacks have severely damaged Russian refineries, tightening supplies of transportation fuels like diesel and prompting Goldman Sachs to raise a red flag about the potential for $120 Brent if things continue to escalate...

...and worse still, gas prices may go higher...

The $4 threshold is both economically and politically sensitive, as it is where lower-income consumers typically begin cutting discretionary purchases and trading down across gas stations, convenience stores and quick-service restaurants, further weighing on consumer sentiment... and Trump's approval ratings.

Tyler Durden Wed, 07/22/2026 - 10:40

Location: Tehran