Trump orders new Iran strikes
Analysis based on 8 articles · First reported Jul 31, 2026 · Last updated Aug 01, 2026
Oil prices have risen sharply, with WTI climbing above $86 per barrel on reports of potential strikes on Iranian energy infrastructure. Continued escalation threatens global energy supply, particularly through the Strait of Hormuz, and adds to inflationary pressures in the US economy.
President Donald Trump has ordered the US military to carry out a new attack on Iran as soon as this weekend, according to a The Wall Street Journal report citing unnamed US officials. The strikes are intended to compel Tehran to surrender. The order follows Trump's remarks casting doubt on negotiations and threatening retaliation after an attack on a US base in Jordan. Paramount Global — CBS separately reported that the US is considering striking Iranian energy infrastructure, including oil refineries and power plants, which would mark a major escalation. Following the Paramount Global — CBS report, West Texas Intermediate crude rose above $86 per barrel. The conflict, which began on February 28 with US and Israeli airstrikes, has seen Iran seal off the Strait of Hormuz and launch drone and missile attacks on Persian Gulf neighbors. This week, two LNG carriers were struck by drones at Egypt's Egypt — Damietta port. The war has depleted US munitions and contributed to rising oil prices and domestic economic concerns ahead of the November midterm elections.
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