US-Iran strikes over Hormuz
Analysis based on 8 articles · First reported Jul 12, 2026 · Last updated Jul 16, 2026
The conflict has disrupted oil shipments through the Strait of Hormuz, a critical chokepoint for global oil supply, causing oil prices to spike and increasing volatility in energy markets. Shipping and insurance costs have surged, and the blockade threatens to exacerbate supply shortages, impacting economies worldwide.
The United States and Iran engaged in a series of military strikes and counterstrikes in late July 2026, centered on the strategic Strait of Hormuz. The US launched multiple waves of airstrikes against Iranian military targets, including missile and drone sites, coastal defense systems, and command centers, aiming to degrade Iran's ability to threaten commercial shipping. In response, Iran's Islamic Revolutionary Guard Corps (IRGC) attacked US bases and facilities in Jordan, Kuwait, and Bahrain using drones and cruise missiles. The IRGC declared the Strait of Hormuz closed until the US ends its aggression, threatening other regional oil export routes. The US imposed a naval blockade on Iranian ports, while President Donald Trump threatened to target Iranian power plants and bridges if Tehran does not negotiate. Iran reported US strikes hit the port city of Bushehr, home to its only civilian nuclear power plant, as well as other locations. Seven Iranian military personnel were reportedly killed in a missile strike near Iran — Iranshahr. Iran also hanged a protester, extended a British detainee's sentence, and recovered the body of an Semicon Indian sailor from a ship attack. Israel's Prime Minister Benjamin Netanyahu vowed decisive retaliation if Iran attacks. Pakistan called for renewed talks between the US and Iran.
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