The US military has launched a series of air strikes against Iran in response to Tehran targeting US bases in Jordan. The attacks were launched as Donald Trump vowed to hit Iran ‘very hard’ after a one-day pause in fighting. Iran has expanded its military attacks in the region, raising fears of an all-out war.
July 20, 2026 8:25 am, EDT | Update: July 20, 2026 2:20 pm, EDT An overturned car rests on a section of a bridge destroyed after an attack in Hormozgan province in southern Iran on July 18. (Mahdi Negahban/Mehr News Agency via AP) key takeaways: Oil prices steadied after rising earlier, as the US announced
Gas pump in Buffalo Grove, Illinois on June 25. (Nam Y Huh/AP) July 9, 2026 8:14 am, EDT key takeaways: Oil prices rose after President Donald Trump ended the US armistice with Iran following tanker and military attacks near the Strait of Hormuz. Rising crude oil costs threaten to push gasoline and diesel prices higher,
Cargo ship in the Strait of Hormuz in May. (Fatima Shabair/AP) July 8, 2026 1:44 pm, EDT key takeaways: Shipowners showed mixed willingness to transit the Strait of Hormuz after President Donald Trump said the US armistice with Iran expired on July 8. Uncertainty matters because tanker availability and safety risks could disrupt the flow
The US and Iran have reached a tentative deal to end the conflict in the Middle East, but competing claims from Donald Trump and Tehran have left the details uncertain. Questions remain over the reopening of the Strait of Hormuz, Israel’s withdrawal from Lebanon, and the future of Iran’s nuclear program. Nosheen Iqbal speaks to