The story so far
US Iran Strikes Oil Crisis
Tracked across 10 sources · Updated 1h ago
US launched sustained airstrikes on Iran starting July 15, targeting military sites near Hormuz. Oil prices surged past $85, then $90, amid supply fears. Conflict escalated with Iranian retaliation, US threats to bomb nuclear sites, and regional attacks. US military deaths rose to 17; war cost reached $37.5B.
How it unfolded
5d ago
US war cost reaches $37.5B; strikes continue
6d ago
Trump threatens strike on Iran's Pickaxe Mountain nuclear site
6d ago
Iran strikes Kuwait and Bahrain in retaliation
6d ago
Trump warns Iran ‘will pay’ for US troop deaths
20 Jul 2026
US military death count rises to 17
20 Jul 2026
Brent tops $90 as Hormuz shipping disrupted
16 Jul 2026
Oil prices rise for fourth day, Brent above $85
15 Jul 2026
US launches fifth straight day of strikes on Iran
What happened earlier
Latest updates
Latest
Full story →Oil flow uncertainty intensifies after Houthis enter the war
Houthis attacked Saudi oil tankers in the Red Sea.
Houthis are attempting to block the Bab El-Mandeb strait.
The attacks have sharply escalated uncertainty over oil prices.
The conflict has gained a new dimension with the Houthi involvement.
Earlier · 4d ago
Full story →Trump May Order Major Attack on Iran Soon
Donald Trump said he is considering a 'massive' attack on Iran according to a report.
Trump told Axios he has not made a final decision on the attack.
The report suggests Trump believes Iran has not faced enough pain.
Such an attack would involve significant military escalation.
Earlier · 3d ago
Full story →‘10/10 strategy’: Iran's Ghalibaf mocks US strategy after oil prices surge past $100
Iranian official Mohammad Bagher Ghalibaf mocked US military strategy near the Strait of Hormuz.
Ghalibaf claimed the US strategy backfired by pushing global Brent crude prices past $100.
The surge in oil prices is tied to regional energy conflict.
The remark was reported by WION, a news outlet with a center bias.
Earlier · 3d ago
Full story →US conducts fresh strikes on Iran for 13th consecutive night
Earlier · 3d ago
Full story →US-Iran war continues as oil tops $100 amid shipping route control measures
The U.S. military launched the 13th night of strikes against Iran, targeting military and commercial sites.
Yemen's Iran-backed Houthi rebels claimed they targeted two Saudi oil tankers in the Red Sea.
Iranian state media reported explosions in Bandar Abbas and on Qeshm Island, with four killed and five wounded in Ahvaz.
U.S. Central Command said strikes aim to degrade Iran's ability to threaten mariners and commercial vessels in regional waters.
Brent crude oil price topped $100 a barrel amid escalating clashes over control of shipping routes.
