A Marquette Law School poll reveals 88% of Americans believe the US has not achieved its war objectives against Iran, with 75% considering the conflict not worth the cost, as negotiations to reopen the Strait of Hormuz intensify.
Oil shuttling services through the Strait of Hormuz have resumed after a recent lull, with producers using their own vessels or fixed contracts to ensure deliveries. This activity is crucial for global oil markets as Middle East hostilities escalate, helping millions of barrels bypass transit reluctance.
US embassies across the Middle East urged American citizens to consider leaving or prepare for departure due to potential "unforeseen escalation" in the intensifying conflict with Iran, citing unpredictable actions and expanded strikes.
US President Donald Trump stated that a peace deal with Iran remains possible despite ongoing hostilities, but expressed a loss of faith in Iranian authorities due to alleged misrepresentation and a recent missile strike against US forces in Jordan during negotiations.
Iran's army claimed drone attacks on U.S. military assets in Kuwait and Bahrain, following U.S. strikes against Iran's IRGC targets. This escalation includes a drone hitting ships in Egypt and increased maritime risk, impacting global oil prices.
US-listed spot Bitcoin ETFs experienced their first net outflows in over a week, totaling $225.2 million on Thursday, primarily driven by BlackRock's IBIT. This coincided with a dip in Bitcoin's price below $65,000, influenced by elevated oil prices due to the ongoing US-Iran military exchange.
US-Iran hostilities intensified with the 13th consecutive night of US airstrikes on Iran, followed by Iranian missile attacks targeting US bases in Jordan and Kuwait. The conflict, now in its fifth month, has made the Strait of Hormuz a focal point, while President Trump stated Iranian assets would cover any damages.
The US House approved a non-binding resolution 214-208 to remove forces from Iran hostilities, a symbolic rebuke to President Trump amid intensifying attacks. A Senate attempt failed. Lawmakers cited an 'illegal war' lacking clear mission, while opponents defended the mission.
The European Central Bank maintained its main interest rate at 2.25%, aligning with market expectations. However, President Christine Lagarde warned that renewed Middle East hostilities and rising oil prices pose significant upside risks to Eurozone inflation, leading traders to anticipate a September rate hike.
easyJet reported a 70% slide in Q2 pre-tax profits to £85m, primarily due to a £105m increase in fuel costs from the Middle East conflict and a trend of later customer bookings. The airline's agreed £5.7bn takeover by Apollo Global Management faces potential EU ownership rule scrutiny.
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.
Iran's IRGC claimed it attacked Amazon's data infrastructure in Bahrain with cruise missiles, a claim CNBC could not verify. This comes as U.S.-Iran hostilities escalate, impacting Strait of Hormuz shipping and global oil prices, with threats to Bab el-Mandeb Strait.
US and Iran have resumed daily strikes after a ceasefire collapsed, with both sides accusing each other of violating an MoU. The conflict centers on the Strait of Hormuz, leading to rising oil prices and regional escalation, with warnings of a potential "total war."
Lebanese President Joseph Aoun stated at the White House that the recently signed US-brokered framework agreement with Israel will end hostilities, expressing Lebanon's commitment and thanking President Trump for his efforts to stabilize the region.
Iran's Islamic Revolutionary Guard Corps (IRGC) claimed it attacked Amazon's data infrastructure in Bahrain with cruise missiles, a claim CNBC could not independently verify. This comes amid escalating hostilities between the U.S. and Iran, leading to disrupted shipping in the Strait of Hormuz, surging oil prices, and regional tensions.
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.
Mediators including Qatar, Egypt, and Pakistan have presented the US and Iran with a proposal for a 10-day ceasefire, which includes restoring shipping through the Strait of Hormuz. The US is exploring the proposal while preparing for potential failure, and neither side has accepted it yet amidst ongoing US strikes.
President Trump shared a June poll showing majority support for an Iran peace deal, despite the agreement's collapse and recent US-Iran hostilities. The White House used the poll to urge "trust in Trump" as US forces continue strikes in response to Iranian attacks.
Brent crude surpassed $90 a barrel, its highest in over a month, due to intensifying US-Iran hostilities disrupting oil shipments through the Strait of Hormuz. US forces and Iran exchanged strikes, impacting shipping and raising concerns about global oil supply and inventories.
A preliminary US-Iran peace deal has collapsed less than a month after signing, following an Iranian drone attack on a cargo ship in the Strait of Hormuz. Escalating strikes and counterstrikes, including renewed US sanctions and Iranian attacks on Gulf states, have pushed the nations back towards full-scale war, threatening regional stability and the global economy.
US President Donald Trump stated he "couldn't care less" about Iran's withdrawal from an interim MoU, prioritizing nuclear non-proliferation. This comes amid escalating US military strikes against Iranian assets and Iran's claim of downing a US drone, with Iran's Supreme Leader criticizing US credibility.
The US military conducted new strikes across Iran targeting air defense systems, radar sites, and missile/drone capabilities to degrade Iran's ability to attack international shipping. This follows Iranian attacks on commercial ships and a drone strike on a Kuwaiti platform, escalating tensions despite an interim agreement.
Oil flows through the Strait of Hormuz saw a sharp recovery following an interim US-Iran ceasefire in June. However, renewed hostilities this week have reintroduced uncertainty into global oil markets, impacting crude supply, prices, and shipping, according to the IEA.
Iran has declared the Strait of Hormuz closed following six days of hostilities with the US, reversing a recent agreement to restore maritime traffic. The IRGC announced the closure after aerial exchanges, though the US claims traffic is still flowing. This escalation follows tit-for-tat attacks and threatens global trade.
