US, Iran Trade Wave of Attacks as Tehran Says Hormuz Closed
Bloomberg 2026-07-12 08:06:08
Context: The United States and Iran have engaged in a series of escalating attacks, with US forces launching a third strike against Iran in a week, prompting Tehran to retaliate and declare the closure of the Strait of Hormuz. The Strait of Hormuz, a critical waterway for global oil shipments, was said to be closed "until further notice." This latest exchange marks a significant escalation in tensions between the two nations.
Key Facts
- The US forces launched a third strike against Iran in a week, marking a continued escalation of military action between the two nations.
- Tehran responded to the US strikes with retaliatory attacks, demonstrating the ability of Iran to respond militarily to US aggression.
- The Strait of Hormuz, a vital shipping lane for approximately 20% of the world's oil supply, was closed by Iran "until further notice," posing a significant threat to global energy supplies.