מעקב משבר איראן-המפרץ 2026
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strikeJul 22, 2026

Oil prices jump on Mideast war, stock markets diverge

Summary

World oil prices jumped on Wednesday, with the benchmark international contract Brent North Sea crude surpassing US$95 for the first time in nearly six weeks as the United States and Iran carried out more strikes. Crude futures went on to give up some of the gains but still rose around three percent. "The military actions have been renewed at an extraordinary high," said John Kilduff of Again Capital. "And the rhetoric is as hot as it's been since the beginning of the war." US President Donald Trump threatened to knock out one Iranian bridge or power plant in return for each attack on shipping in the Strait of Hormuz. Foreign Minister Abbas Araghchi said Iran would respond in kind to any attack on its infrastructure, saying on X, "our defence doctrine is clear: eye for an eye." Meanwhile, maritime data showed that at least nine ships had turned back from crossing the Bab al-Mandab strait at the southern end of the Red Sea after Houthi rebels announced a blockade of Saudi ports. According to maritime data firm Kpler, three of the ships had taken on oil at Saudi Arabia's Red Sea Yanbu terminal, which is an important means for Riyadh to bypass the Hormuz Strait. Still, US equity markets had a muted response to the latest surge in oil prices, with the broad-based S&P 500 losing just 0.1 percent. CFRA Research senior vice president Arun Sundaram cited a litany of worry items in a "growing list of headwinds" including renewed Trump tariff threats, spiking US bond yields and fears over China's artificial intelligence competitiveness. "The market has refused to flinch, like a boxer absorbing punch after punch while refusing to go down," Sundaram said. While stock market traders kept a close watch on the Mideast war developments, focus was also firmly on the technology sector, as it has been for several weeks. "A rotation away from tech has resulted in a better day for European markets overall, which continue to defy the strength in oil," said Chris Beauchamp, chief market analyst at online trading and investing platform IG. Tech stocks had rebounded on Wall Street on Tuesday, but had a more difficult day on Wednesday, with the tech-heavy Nasdaq finishing down 0.6 percent. Companies that are massively deploying AI, such as Amazon, Meta and Microsoft, were trading sharply lower. The recent "pull-back in chip stocks following a storming run earlier this year has left investors hungry for an update on AI-related demand and to see if all the big investments into tech infrastructure are paying off," said Russ Mould, investment director at AJ Bell. The S&P 500 fell 0.1 percent, to 7,498, the Nasdaq fell 0.6 percent, to 25,690, while the Dow slipped 0.01 percent, to 52,218. (AFP) Edited by Cecil Wong

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    World oil prices jumped on Wednesday, with the benchmark international contract Brent North Sea crude surpassing US$95 for the first time in nearly six weeks as the United States and Iran carried out more strikes. Crude futures went on to give up some of the gains but still rose

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strikeUnverifiedUSIsraelIran
1 source

The United States is increasing the available forces at its disposal in the Middle East in preparation for the possibility of escalating the ongoing conflict with Iran, people familiar with the matter told The Wall Street Journal on Wednesday. According to the WSJ, US President Donald Trump is considering expanding his attacks on Iran, and the added forces in the region are intended to provide him with more military options.

US officials also told the WSJ that fighter jets have been positioned across the Middle East, and that bomber aircraft are on high alert. Israeli officials also believe Trump is preparing to significantly escalate the American military campaign against Iran, according to two Israeli officials.

According to the assessment, an expanded US campaign targeting Iranian strategic infrastructure and senior regime officials would likely prompt Tehran to retaliate directly against Israel. Trump threatens Iranian infrastructure Earlier on Wednesday, Trump threatened that the US will strike Iranian bridges and power plants in retaliation for every time Iran fires on a ship in the Strait of Hormuz.

"The US will bomb and destroy one bridge or power plant, including those located next to, or in, the capital city of Tehran," Trump said. This will happen "from this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz," he stated.

Amichai Stein and James Genn contributed to this report.

strikeUnverifiedUSIran
1 source

Cargo vessels sit at one end of the Strait of Hormuz near the coast of Dibba Al Fujairah, United Arab Emirates, July 21, 2026. /VCG Cargo vessels sit at one end of the Strait of Hormuz near the coast of Dibba Al Fujairah, United Arab Emirates, July 21, 2026.

/VCG Iran's main military command, Khatam al-Anbiya Central Headquarters, on Wednesday warned that if the United States attacks Iranian infrastructure, Iran will block all oil exports from West Asia and target oil, gas, electricity and economic infrastructure across the region, according to media reports.

The warning in a statement carried by Iranian media came in response to US President Donald Trump's renewed threat of "bombing" Iran's bridges and power plants. In a Wednesday post on Truth Social, Trump stated that any Iranian attack on ships in the Strait of Hormuz would trigger US strikes on "ONE BRIDGE OR POWER PLANT," including those located next to, or in, Tehran, the capital of Iran.

The regional conflict shows no sign of de-escalation. US forces launched a 12th consecutive night of strikes against Iran on Wednesday, according to US Central Command. "The mission will continue to further degrade Iran's ability to threaten civilian mariners and commercial vessels transiting regional waters," said the command.

Commercial shipping through the Strait of Hormuz and the Bab al-Mandab Strait has plunged as Iranian forces and other regional countries tighten their grip on the vital waterways, leaving vessels without guarantees of safe passage. In a post on X on Wednesday evening, Iranian Parliament Speaker Mohammad Bagher Ghalibaf, also the country's top negotiator, warned that "the equation of this war is clear: either all or none!

" "In a region where we do not sell oil, no-one will sell oil. If our security is not ensured, no infrastructure will be safe, and the security of the strait is in the absence of American forces. We have repeatedly said that the situation of the strait will not return to pre-war conditions," he wrote.

According to Kpler, a data and analytics platform that tracks real-time maritime shipping, traffic declined sharply across both straits on Tuesday, with Strait of Hormuz crossings down 31% day-on-day to nine vessels and Bab al-Mandab traffic down 34% to 29 amid a worsening security backdrop.

As a result of the limited traffic, oil prices hit $95 per barrel, climbing to a six-week high. Beyond taking a toll on the energy market, the conflict has also resulted in rising casualties on both sides. At least 18 US service members have been killed since strikes began in February, and roughly 500 have been wounded, according to the US Department of Defense.

On the Iranian side, at least 53 people have been killed in US strikes on Iran since June 27, including three children, according to Iran's Health Ministry.

strikeUnverifiedUSIranProxy
1 source

DUBAI, July 23 — Yemen’s Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea on Wednesday, potentially opening a new front in the US-Iran war engulfing the region. The claim came as the United States launched a fresh wave of strikes on Iranian military targets, marking the twelfth consecutive night of US attacks on Iran.

The Houthis said they had carried out missile and drone strikes on two Saudi tankers that “violated the blockade”, naming the vessels as the Encelia and the Layla. British naval security monitor UKMTO said the master of a tanker reported being struck by an unknown projectile about 70 nautical miles southwest of Al Shuqaiq, causing a fire that the crew was fighting.

The Red Sea escalation followed a Houthi threat to blockade Saudi ports, widening the pressure on key Middle East shipping routes already shaken by fighting over the Strait of Hormuz. US President Donald Trump had threatened to destroy an Iranian bridge or power plant for every attack on shipping in Hormuz, drawing an “eye for an eye” warning from Tehran as both sides sharpened threats in the escalating war.

Fighting over the vital energy waterway has collapsed a preliminary deal between the United States and Iran, with Tehran reimposing its blockade and firing on vessels that seek to transit. “Any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT,” Trump wrote on social media.

Iranian Foreign Minister Abbas Araghchi said Tehran would respond in kind to any attack on its infrastructure. “Our defence doctrine is clear: eye for an eye,” Araghchi wrote on X. “Any aggression against Iran, including our infrastructure, will compel a powerful and decisive response.

” Iran’s state broadcaster quoted the military as saying that US threats “will have no result other than the expansion of the war”. Trump has faced intense political pressure to end the conflict, which Defense Secretary Pete Hegseth said Tuesday had cost the United States US$37.

5 billion, up from nearly US$29 billion (RM118 billion) in mid-May. But Trump rejected polls showing the war was unpopular as he headed to an airbase for the return of the remains of four US service personnel. Three were killed in an Iranian attack on a military base in Jordan, and one died during a controlled detonation of an unexploded Iranian drone in Iraq.

“Americans don’t want high gasoline prices but they’re not against the war,” Trump said. Brent crude, the global oil benchmark, briefly topped US$95 a barrel for the first time in nearly six weeks on Wednesday. Crude futures later shed some gains but were still up about three per cent.

US strikes US Central Command reported the latest strikes began at 2130 GMT Wednesday against Iranian military targets, saying it aimed to “further degrade Iran’s ability to threaten civilian mariners and commercial vessels transiting regional waters”.

Kuwait’s army said early Thursday local time its air defences were intercepting hostile drones, following several days of Iranian strikes on the country. “Kuwaiti air defenses are currently responding to hostile drone threats,” the army said on X. “Any explosions that may be heard are the result of air defence systems intercepting hostile targets.

” Jordan said it had shot down four missiles and four drones, while air alert sirens sounded in Bahrain, where an AFP correspondent in Manama heard an explosion. The Iranian military and its powerful Revolutionary Guards confirmed targeting US assets in all three countries.

Red Sea threat Trump said he would “take care of” the Houthis if they followed through on their blockade threat against Saudi ports. It remains unclear how fully the Houthis could enforce such a blockade, but the threat could compound the shock of the Hormuz closure, endangering Riyadh’s ability to bypass the strait for some oil exports.

The Houthis had been broadcasting radio warnings to vessels, the International Chamber of Shipping told AFP. The message warned that “in case of non-compliance of Yemeni armed forces decision, those ships will be in our target, over”. During the Gaza war that began in October 2023, the Iran-backed Yemeni rebels attacked shipping in the Red Sea and Gulf of Aden, forcing vessels to make a long detour around Africa and prompting a US bombing campaign.

The latest threats appear to have been enough to encourage several vessels to reverse course before entering waters off Yemen, according to shipping tracker Kpler, though nearly 30 ships still crossed the Bab al-Mandab on Tuesday. Maritime data analysed by AFP showed that at least nine ships had turned back from crossing the strait after the Houthi blockade announcement, including three that had taken on oil at Saudi Arabia’s Red Sea Yanbu terminal.

strikeUnverifiedUSIsraelIranProxyChina
1 source

The U.S. military stated it conducted strikes on Iran on Wednesday under presidential direction, extending a reported series of attacks. Yemen's Houthi authorities announced a naval blockade on Saudi Arabia and claimed missile and drone strikes on two oil tankers, Encelia and Layla, in the Red Sea; a maritime source reported one vessel issued a distress signal near Jizan.

Multiple tankers changed course in the area, according to tracking data, while analysts have linked related shipping risks to oil price movements.

Location: Red Sea