US 12th night strikes Iran
Analysis based on 48 articles · First reported Jul 22, 2026 · Last updated Jul 23, 2026
The ongoing US-Iran conflict has driven Brent Crude prices above $93 per barrel, up from below $72 before the war, and raised gasoline prices. The closure of the Strait of Hormuz, through which a fifth of global oil and gas passes, threatens worldwide economic disruption and could further increase energy costs.
The United States conducted a 12th night of airstrikes against Iran, targeting military infrastructure to degrade Iran's ability to threaten commercial vessels in the Strait of Hormuz. President Donald Trump warned that the US would destroy one bridge or power plant each time Iran attacks a ship in the strait. Iran responded with threats of retaliation, including targeting civilian infrastructure in Gulf states. The conflict has disrupted global energy markets, with Brent Crude rising above $93 per barrel. Diplomatic efforts have stalled, and both sides have escalated attacks on civilian infrastructure. Iran launched missiles at Aqaba, Jordan, and air defense alerts were issued in Bahrain and Saudi Arabia. The US reimposed a blockade on Iranian ports. Trump signaled possible strikes on Iran's underground nuclear site at Pickaxe Mountain. The war has cost the US $37.5 billion so far, according to Defense Secretary Pete Hegseth.
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