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FORGOTTEN HISTORY: 142 | History Defined

The US and Iran have blown past red lines as they lurch back toward all-out war

The United States and Iran are crossing each other's red lines, one after the other

The Independent UK

US and Iran exchange strikes as they struggle over Strait of Hormuz

The United States and Iran have exchanged strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensifies

The Independent UK

Why is Trump risking midterm disaster by resuming the unpopular Iran war?

Less than a month after hailing a ceasefire, Trump resumed strikes on Iran, a move experts warn could prolong the war and hurt Republicans before the midterms

The Guardian - US

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Iran hits out at US ally with Kuwait strike amid fresh Trump bombing

IN FULL

The Independent UK

US-Iran strikes: latest developments

DUBAI - Hostilities in the Middle East intensified on Saturday after a seventh straight night of US attacks on Iran, with Tehran threatening a “full-scale offensive” in response and the strategic Strait of Hormuz remaining virtually closed. Here are the latest developments:

Bangkok Post

Starving and stranded in a war zone: The sailors living in fear of death in the Strait of Hormuz

IN FOCUS: Iran has stepped up attacks on ships in the waterway, leading to the collapse of an interim US peace deal. The crisis is leaving seafarers spending months without food, medication and wages, Maira Butt reports

The Independent UK

Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran

The global energy trade is likely changed forever by the outcome of the Iran war.

Fortune

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US forces strike Iran for seventh consecutive night

Iran's Fars state news agency reported that Iranian forces had responded by attacking US allies and bases in the region, including the Ali Al Salem airbase in Kuwait.

Euronews

US warns Americans to reconsider Middle East travel amid rising tensions

The United States issued a travel warning for the Middle East due to escalating regional tensions. Escalating hostilities between the United States and Iran involved fresh military strikes. Fighting intensified over the Strait of Hormuz, impacting global oil prices significantly. Kuwait and Bahrain reported missile and drone interceptions amid the…

The Economic Times

🔴 Middle East live: Two US service members in Jordan killed, one missing in action

This live page is no longer being updated. For more of our coverage of the Iran war, click here.

France 24

Trump, not Iran, is the world’s greatest danger. He’s a one-man weapon of mass destruction

As the bombing starts again, it’s clear the president has dragged the US into a limitless fiasco – and the world into an economic quagmire, says Guardian foreign affairs commentator Simon Tisdall

The Guardian - UK

Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the Gulf region. Shipping routes face potential closure, impacting global oil flows and prices. Saudi Arabia has redirected significant crude exports to avoid the Strait…

The Economic Times

Iraq, Syria Revive Oil Pipeline Shut Since 2003 in Bid to Bypass Strait of Hormuz After Iran War Disrupts Exports

On Friday, Iraq and Syria agreed to revive a long-idled oil pipeline linking northern Iraq to Syria’s Mediterranean coast as Baghdad looks to reduce its reliance on the Strait of Hormuz following disruptions caused by the recent U.S.-Iran conflict.

Benzinga

US plans to send additional refuelling aircraft to Israel amid possible expansion of Iran ops: Axios

The US administration is considering expanding its military campaign against Iran. Dozens of additional military refuelling aircraft may deploy to Israel soon. This move follows President Trump reviewing multiple military options earlier this week. US forces have conducted strikes around the Strait of Hormuz and southern Iran. Iran has intensified…

The Economic Times

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The Economic Times

US CENTCOM confirms destruction of Chabahar Port surveillance tower in Iran

The US Central Command (CENTCOM) said on Friday (local time) that it had "successfully destroyed" a surveillance tower at Iran's Shahid Kalantari Port in Chabahar, claiming the facility was part of a maritime surveillance network operated by the Islamic Revolutionary Guard Corps (IRGC) to monitor commercial shipping in the Gulf…

The Economic Times

US and Iran escalate strikes across Mideast; bridges and a water plant hit

The United States and Iran intensified their conflict across the Middle East on Friday, launching fresh strikes on military and infrastructure targets as tensions over the Strait of Hormuz escalated. The U.S. targeted additional bridges, energy facilities and a key Iranian port, stepping up pressure on Tehran after President Donald…

AAP

Australia expands its fuel buffer against Gulf turmoil

Australia's fuel reserves have hit all-time highs as the Iran conflict roils global oil markets, helping keep unleaded around $1.76 a litre in capital cities.

The Economic Times

Gold price prediction: Why is Gold rate crashing to biggest weekly loss? Check latest projections for August

Gold price has fallen about 25 per cent since the U.S.-backed war with Iran began in late February, pressured by expectations that war-driven inflation could keep interest rates higher for longer.

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International Business Times

BP And ConocoPhillips Are Pouring Billions Into Iraq. The Bigger Goal Is Reducing Iran's Energy Influence.

ConocoPhillips has agreed to acquire a 42% stake in BP Energy Company of Kirkuk Limited, expanding its footprint in northern Iraq at a time when the United States and Iraq are working to strengthen energy ties and reduce the region's dependence on routes vulnerable to disruption.

The Guardian - UK

US launches seventh night of Iran strikes as Hormuz conflict escalates

Central Command says attacks were designed to ‘continue degrading Iranian military capabilities’

International Business Times

Stocks Fell Again Dragged By Chipmakers and U.S.-Iran Tensions, Wall Street Capped a Weekly Decline

Stocks fell on Friday and capped a negative week as chipmakers continue to drop.

Barchart

Dollar Little Changed as Crude Prices Soar and T-note Yields Fall

The dollar index (DXY00 ) finished little changed on Friday. The dollar found some support from Friday’s +4% jump in WTI crude oil prices, which raises inflation expectations and could prompt the Fed to pursue tighter monetary policy, a supportive factor for the dollar. Also, Friday’s stock selloff boosted liquidity...

The Independent UK

US oil firms sign deals with Iraq to develop alternative shipping routes

U.S. companies have signed roughly $60 billion in agreements and partnerships with the Iraqi government, including deals intended to create alternative routes for shipping oil out of the Persian Gulf

Barchart

Escalation of US-Iran Hostilities Pushes Crude Oil Sharply Higher

August WTI crude oil (CLQ26 ) on Friday closed up +3.54 (+4.48%), and August RBOB gasoline (RBQ26 ) closed up +0.1080 (+3.29%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 5-week high and gasoline posting a 2-month high. Crude prices surged on Friday amid heightened...

Barchart

Nat-Gas Prices Supported by a Surge in European Gas Prices

August Nymex natural gas (NGQ26 ) on Friday closed up +0.053 (+1.85%). Nat-gas prices settled higher on Friday, garnering carry-over support from a sharp rally in European nat-gas prices to a 3.75-month high. Prices rallied on concern that escalation of the US-Iran conflict will keep the Strait of Hormuz closed,...

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