US President Donald Trump declined to state when the war with Iran would conclude, criticizing those who complain about its duration. The conflict, launched by the US and Israel on February 28, saw a brief ceasefire in June before US airstrikes resumed on July 8 over alleged Strait of Hormuz violations.
President Trump expresses extreme frustration with Iran's leaders as the five-month conflict yields limited progress, causing rising oil prices, inflation, and increasing US casualties. The war faces growing domestic opposition from the public and Congress, impacting Trump's political support.
Experts warn that U.S. gas prices will continue to climb for weeks, possibly months, due to the resumption of President Donald Trump’s conflict with Iran. Analysts predict national average gas prices could reach $4.20-$4.30, citing market psychology and disruptions in the Strait of Hormuz and Red Sea.
Donald Trump is reportedly in 'revenge mode' over the ongoing US-Iran conflict, authorizing a military buildup in the Middle East and a 13th day of strikes. He announced frozen Iranian assets would compensate ships damaged by Iranian attacks, prompting escalation threats from Iran's foreign minister, as oil prices surge.
Trump threatened “major military punishment” over Houthi attacks on Saudi tankers as UN chief Antonio Guterres warned the Middle East situation is “out of control.” The blog also reported strikes on Iran, missile interceptions, and rising humanitarian and energy risks.
The U.S. Congress split on advancing war powers resolutions aimed at forcing President Donald Trump to end the escalated conflict with Iran. The Senate rejected a measure 47-49, while the House approved a similar one 214-208, though a presidential veto is expected.
The US-Iran conflict has escalated with renewed strikes, effectively ending a June truce. Experts warn of a potential "forever war" focused on the Strait of Hormuz, as diplomatic efforts falter and both sides prioritize pressure over compromise, threatening global oil and gas supplies.
Iraq faces severe internal divisions and sovereignty challenges, caught between the US and Iran after Ayatollah Ali Khamenei's killing. Iran-backed Shia militias attack Iraqi oil infrastructure, impacting the economy and challenging the new PM's disarmament efforts.
Iran's IRGC representative Hossein Mohebi warned shipping companies that the southern routes through the Strait of Hormuz are mined, advising against passage due to the ongoing escalation in the US-Iranian conflict that began on July 8.
Newly appointed UK Foreign Secretary Ed Miliband made his international debut at the Asean summit in Manila, facing US anger over his past criticisms of Donald Trump while calling for de-escalation in the escalating US-Iran conflict affecting global supply chains.
JSW Infrastructure anticipates handling 127 MT cargo this fiscal year, despite the US-Iran conflict impacting its Fujairah liquid terminal in the UAE. Operations are gradually normalizing, with insurance claims expected by October-end. The company also progresses with domestic port expansion plans, reporting an 8.2% drop in June quarter net profit.
US President Trump threatens to destroy an Iranian bridge or power plant for each ship attacked in the Strait of Hormuz, prompting Iran to vow an 'eye for an eye' response amid escalating Middle East tensions
President Trump faced criticism for a Truth Social post comparing the "Iran Military Conflict" death toll of 18 US service members to past wars, drawing condemnation for allegedly downplaying the human cost and appearing to boast about casualties.
The total number of US troops killed in the armed conflict with Iran has risen to 18 after Sergeant Angel Rampersad, previously missing from a July 17 strike on a US base in Jordan, was identified. Over 500 American service members have been wounded since hostilities began.
Houthi rebels threaten a blockade of the Bab el-Mandeb Strait, a vital oil shipping route, in retaliation for alleged Saudi restrictions on Yemen. This could disrupt 7.4 million barrels per day of oil flow, potentially pushing global oil prices above US$100 and deepening uncertainty for Asian consumers.
Washington's Persian Gulf allies are increasingly frustrated by the US-Iran conflict, which threatens their security and economies. They hold differing views on US strategy, with some advocating escalation and others immediate de-escalation, while the UAE seeks European involvement in maritime security.
Lawmakers are questioning Defense Secretary Pete Hegseth on escalating U.S.-Iran conflict following recent U.S. casualties from drone attacks in the Middle East. Concerns rise over Pentagon transparency and vulnerabilities of U.S. bases to drone warfare.
Yemen's Houthi militia, aligned with Iran, announced a naval blockade of the Bab Al-Mandeb Strait in retaliation for Saudi strikes on Sanaa airport. This comes as the US and Iran exchange fire for the tenth time, escalating their conflict, and Lebanon's president is set to meet President Trump regarding a peace roadmap with Israel.
Oil prices remained near a one-month high despite truce efforts between the US and Iran, as escalating conflict and new Houthi threats to Red Sea shipping routes fueled supply fears, with Brent crude at $88.87 and WTI at $82.47.
The US-Iran conflict is escalating, with attacks on military targets and critical infrastructure, and three US service members killed. Iran has reasserted control over the Strait of Hormuz, leading to rising US gas prices. An expert discusses the unraveling agreement, regional impact, and potential for renewed diplomacy.
Vessel traffic through the Strait of Hormuz has significantly decreased following a U.S. blockade, renewed U.S. strikes on Iran, and Tehran's maritime ban. Data from Lloyd's List Intelligence, Kpler, and S&P Global show a sharp drop in crossings, reversing a period of normalization and raising concerns about global oil supply and prices.
US President Trump imposes 50% tariffs on Canadian exports over alleged trade discrimination. Concurrently, the US-Iran conflict escalates with new threats and strikes, causing oil price fluctuations. Meanwhile, the tech sector sees AI hardware advancements from AMD and Alphabet.
European natural gas prices reached a four-month high, briefly exceeding €60/MWh, due to escalating Middle East conflict and fears of winter supply shortages. Disruption to Qatari LNG exports and reduced Gulf shipping are pressuring Europe's ability to meet storage targets, potentially requiring costly state intervention.
President Trump vowed harsh retaliation after three US service members were killed in recent fighting with Iran, following US military strikes on Iranian sites to clear the Strait of Hormuz. Iran-backed Houthi militants declared an embargo on Saudi Arabia, while oil prices fluctuated amid escalating conflict and disrupted shipping in the vital waterway.
