US-Iran War Escalation and Congressional Votes
Analysis based on 123 articles · First reported Jul 14, 2026 · Last updated Jul 28, 2026
Oil prices surged past $100 per barrel due to disruptions in the Strait of Hormuz and Red Sea shipping. The prolonged conflict and rising fuel costs are expected to weigh on global economic growth and increase political pressure ahead of US midterm elections.
The US-Iran war continues to escalate with the US launching airstrikes for 12 consecutive nights, targeting military and energy infrastructure. President Trump threatens a massive attack on Iran's Pickaxe Mountain nuclear site, while Houthi rebels strike Saudi oil tankers in the Red Sea. The US House passes a symbolic resolution to halt military action without congressional approval, but the Senate blocks a similar measure. The war has cost $37.5 billion, with four US service members killed. Trump meets with Israeli PM Netanyahu amid tensions, and NATO chief Mark Rutte agrees Iran was close to nuclear capability. The US announces withdrawal from Iraq by September 30, ending a 23-year presence.
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