US-Iran war over Strait of Hormuz
Analysis based on 1031 articles · First reported Apr 20, 2026 · Last updated Jul 24, 2026
The conflict has severely disrupted oil shipments through the Strait of Hormuz, causing Brent Crude prices to spike above $100 per barrel and US gasoline prices to average $4 per gallon. The uncertainty is weighing on global economic growth and fueling inflation fears, with the IMF warning of recession risks if the strait remains closed.
The United States and Iran are engaged in an escalating military conflict centered on control of the Strait of Hormuz, a vital waterway for global energy supplies. The US has conducted multiple consecutive nights of airstrikes against Iranian military targets, while Iran has retaliated by attacking commercial shipping, US bases in the region, and civilian infrastructure in Gulf states. The conflict has disrupted oil flows through the strait, pushing Brent Crude above $100 per barrel at times. Iran-backed Houthi rebels in Yemen have also threatened shipping in the Red Sea, adding to supply risks. Diplomatic efforts by Pakistan and other mediators have failed to restore a ceasefire. The war has resulted in significant casualties, including US military deaths and thousands of Iranian civilian casualties. Both sides have targeted infrastructure such as power plants and desalination facilities, raising humanitarian concerns.
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