US-Iran strikes escalate over Hormuz
Analysis based on 27 articles · First reported Jul 24, 2026 · Last updated Jul 25, 2026
The conflict has driven Brent Crude oil above $100 per barrel and US gasoline prices to $4.11 per gallon, with the Strait of Hormuz effectively closed to commercial shipping. The Houthi attacks on Saudi tankers in the Red Sea threaten an alternative route, further disrupting global energy supplies and trade.
The United States and Iran have engaged in 13 consecutive nights of strikes, with the US bombing Iranian military sites and Iran targeting US bases in Iraq, Kuwait, and Bahrain. The conflict centers on the Strait of Hormuz, a vital energy chokepoint that Iran has effectively shut down, causing oil prices to surge above $100 per barrel and US gasoline prices to average $4.11 per gallon. Iran's Houthi allies have opened a new front by targeting Saudi oil tankers in the Red Sea, threatening the Bab-el-Mandeb Strait. Diplomatic efforts have stalled, with Iranian Foreign Minister Abbas Araghchi rejecting mediation and insisting the US must change its position. The US and Israel attacked Iran on February 28, with shifting war goals including toppling Tehran's government and eliminating its nuclear program. The conflict has killed 3,434 people in Iran according to the Iranian Health Ministry, and at least 6,000 mariners are stranded on vessels around the Strait of Hormuz. US President Donald Trump has threatened massive attacks and warned Russia and China against selling arms to Iran. Israeli Prime Minister Benjamin Netanyahu plans to meet Trump in Washington on July 28. The war remains unpopular in the US, with the House of Representatives passing a symbolic resolution calling for an end to hostilities.
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