← July 12, 2026 briefingWorld
US Strikes Iran as Hormuz Strait Declared Closed
The US military has launched strikes on multiple Iranian port cities after Iran's Revolutionary Guard closed the Strait of Hormuz and hit a commercial vessel it claimed was travelling an unapproved route. The closure threatens roughly 20% of global oil supply, and mediators in Qatar and Oman are scrambling to prevent the confrontation from spiralling further. Explosions have been reported in at least five cities, including the major oil terminal at Bandar Abbas.
MarketWill the U.S. invade Iran before 2027?
Will the U.S. invade Iran before 2027?17% chance







