strikeJun 8, 2026

Blowback: How the Iran war may change the world | Brookings

Summary

More than 100 days have passed since the United States and Israel launched ambitious joint military operations against the Islamic Republic of Iran. The initial strikes killed Ayatollah Ali Khamenei, who had served as the Islamic Republic’s supreme leader for nearly 37 years, along with dozens of senior military and political officials. But the decapitation of Iran’s leadership did not collapse its regime, which has remained firmly in control and began retaliating almost immediately. Tehran’s missile and drone counterstrikes targeted Israel and the Gulf states, U.S. military bases, and maritime traffic in the Strait of Hormuz, blocking the strategic chokepoint through which 20% of the world’s oil and liquified natural gas supplies typically pass. However and whenever the conflict ends, the Iran war will have major implications for the evolving international security and economic order. For that reason, consistent with the Brookings Institution’s mission to advance global security and prosperity, we’ve challenged researchers and experts from across the organization to analyze the long-term implications of the war and provide policy recommendations for decisionmakers in Washington and around the world. Read from our experts Asia & the Pacific Iran war reverberations: A nadir for Asia’s economic security Amidst a degraded geopolitical landscape, the Iran war has delivered a jarring reckoning: Asia’s economic security is dangerously precarious. Read more Geopolitics Ukraine, Iran, and the strains on Russian and American power The wars in Ukraine and Iran demonstrate to Russian and U.S. allies and partners the dangers of overreliance on single powerful actors for security. Read more Fiona Hill June 8, 2026 Global economy & development Chokepoints and coercion: Iran’s challenge to maritime openness Access to key maritime chokepoints may be conditioned on political relationships rather than established norms of open transit. Read more Kari Heerman, David Wessel June 8, 2026 U.S. defense policy A sinking feeling: The Strait of Hormuz and strains on US naval power The Iran conflict has revealed important military shortfalls in American naval power and added to strains within the U.S. alliance system. Read more Bruce Jones June 8, 2026 Energy markets & governance From chokepoint to crisis: The Strait of Hormuz and global oil markets Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to normalize. Read more Samantha Gross, Ryan Beane June 8, 2026 U.S. government & politics The political consequences of the Iran war When wars are undertaken without initial public support, the public reaction against those who started and supported it can be harsh. Read more William A. Galston June 8, 2026 China How the Iran war benefits China’s global ambitions America’s setback with Iran has widened a lane for China to assert greater influence and leadership on the world stage. Read more Ryan Hass June 8, 2026 Lebanon Lebanon between war and statehood: Shrinking the space for Hezbollah While the window is only as wide as Washington’s attention span, there is an opportunity to eliminate the Hezbollah threat against Lebanon and Israel. Read more Jeffrey Feltman June 8, 2026

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More than 100 days have passed since the United States and Israel launched ambitious joint military operations against the Islamic Republic of Iran. The initial strikes killed Ayatollah Ali Khamenei, who had served as the Islamic Republic’s supreme leader for nearly 37 years, alo…

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Jul 21, 2026strikeUnverifiedUSIranProxy

IEA says Mideast fighting increases energy concerns

○ 1 source

The head of the International Energy Agency stated on July 21 that escalation in Middle East hostilities affecting the Strait of Hormuz and regional energy infrastructure has heightened supply security concerns, while noting that markets retain cushioning factors including higher exports and alternative routing of Saudi and UAE crude.

He also cited threats to the Bab el-Mandeb Strait as an additional risk. Reports indicate that Houthi declarations regarding potential Red Sea port blockades and shipping attacks prompted a restrained initial market response amid ongoing mediation references by Iran.

Location: Strait of Hormuz

CurrentsAPI

Jul 21, 2026strikeUnverifiedUSIsraelIranProxy

Crude oil prices rise 2% on fresh attacks by US and Iran

○ 1 source

Listen to this article in summarized format Brent crude futures rose $1.62, or 1.8%, to $90.84 a barrel by 1152 GMT. The front-month U.S. West Texas Intermediate crude contract , which expires on Tuesday, was up $1.37, or 1.7%, at $84.60. The more active contract for September delivery rose $1.

48, or 1.8%, to $83.96. "Lower exports through the Strait of Hormuz and concerns of potential supply disruption from oil coming through the Red Sea are moderately supporting oil prices," said UBS analyst Giovanni Staunovo. U.S. forces bombed targets in southern Iran overnight after President Donald Trump said that Tehran would pay dearly for the deaths of American soldiers.

Iran, meanwhile, targeted U.S. sites in Bahrain, Kuwait and Jordan. A tanker in the Strait of Hormuz reported being struck by an unknown projectile, forcing its crew to abandon ship and board a lifeboat, the United Kingdom Maritime Trade Operations agency said on Tuesday as vessel crossings dropped further.

"The optimist may see the latest American attacks as a last attempt to strengthen the negotiating position before a compromise is reached and the Strait of Hormuz is reopened," an SEB Research note said. "However, the risk is a more prolonged stalemate, with continued uncertain energy flows, higher oil prices and recurring attacks.

" Limiting price gains, a senior Iranian official told Reuters that Tehran had received a proposal from mediators for a 10-day ceasefire in efforts to salvage the deal signed on June 17, intended to pave the way for a lasting agreement to end the war that began on February 28 with U.

S.-Israeli attacks on Iran. Yemen's Iran-aligned Houthis said on Monday that they would impose a naval blockade on Saudi Arabia, opening a potential new front against the U.S. and raising the threat to global energy supplies and trade beyond the Gulf.

"The threats of a naval blockade on Saudi Arabia by the Houthis are significant because they raise the risk of disruption to another major oil exporter," said Tim Waterer at KCM Trade. Meanwhile, U.S. crude oil and gasoline stockpiles were expected to have fallen last week while distillate stocks are likely to have risen, a preliminary Reuters poll showed on Monday.

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Location: Iran

SECTIONS Crude oil prices rise ; Iran Reuters

Jul 21, 2026strikeUnverifiedUSIsraelIranProxyEURussiaChina

Futures Jump As Chipmakers Surge After Japan , Korea Bounce

○ 1 source

US stock futures rose, with Nasdaq futures gaining 1.4% and S&P futures up 0.5% as of 7:20 a.m. ET, led by semiconductor stocks after gains in Japan and South Korea. A report indicated TSMC plans price increases, while overnight events included a Houthi-imposed blockade on Saudi Arabia amid tensions involving Iran.

Trading showed higher commodity prices, a steeper yield curve, and a flat dollar, with upcoming data releases including the ADP weekly employment change and Philadelphia Fed non-manufacturing index.

Location: Arak

Tyler Durden

Jul 21, 2026strikeUnverifiedUSIranProxy

US-Iran Fighting Enters 10th Day As Tanker Hit In Hormuz, Houthis Threaten Red Sea Chokepoint

○ 1 source

Reports indicate ongoing US-Iran tensions into a tenth day, including a tanker strike in the Strait of Hormuz and Houthi threats to Red Sea shipping. US Central Command conducted strikes on Iranian command, missile, and air defense sites, while Reuters reported mediator proposals for a 10-day ceasefire and statements from both sides outlining conditions for halting attacks.

Bloomberg data showed Hormuz transits reduced to six vessels as of Tuesday morning.

Location: Red Sea

Tyler Durden