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US launches multiple strikes on Iran, which retaliates against US targets in region - Headlines news and analysis from Global Banking & Finance Review
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US launches multiple strikes on Iran, which retaliates against US targets in region

Published by Global Banking & Finance Review

Posted on July 15, 2026

5 min read

· Last updated: July 16, 2026

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US launches multiple strikes on Iran, which retaliates against US targets in region

Escalation of US-Iran Conflict and Regional Retaliation

By Enas Alashray, Tala Ramadan and Yomna Ehab

US Launches Attacks on Iran

CAIRO/DUBAI, July 15 (Reuters) - The U.S. launched two waves of attacks on Iran's coastal defenses and missile sites on Wednesday after reimposing a naval blockade of its ports, while Iran struck back by targeting U.S. military sites in neighboring countries in what it called an "existential war" with America.

The latest escalation comes days after a fragile truce collapsed, raising the specter of a return to full-scale war, with Iran once again threatening to shut off more regional energy exports.

Impact on Global Energy and Oil Markets

Hostilities have intensified since Iran said late on Saturday it had closed the Strait of Hormuz. Military operations are also keeping ships from transiting the vital artery, which carried about a fifth of global oil and gas shipments before the war. Brent crude oil, the international benchmark, closed at a one-month high of $84.95 a barrel on Wednesday.

Details of US Military Operations

U.S. Central Command said the military had attacked coastal defense systems and cruise missile storage and launch sites on Iran's Greater Tunb Island starting around 6:00 a.m. EDT (1000 GMT), then launched a second wave of strikes against multiple cities nine hours later.

"U.S. forces struck Iranian command centers, air defense sites, missile and drone capabilities, and coastal surveillance facilities," it said in a statement, adding it also hit targets in Bandar Abbas, home to Iran's largest port and key navy and Iran's Revolutionary Guards facilities on the Strait of Hormuz.

"Earlier this morning, American forces struck coastal defense and cruise missile sites on Greater Tunb Island during a 90-minute wave," the U.S. military added.

Iran's Response and Regional Impact

The Islamic Revolutionary Guard Corps said on Wednesday it had struck U.S. military targets in the region, including in Bahrain, Kuwait and Jordan. The Guards said they targeted a gathering for U.S. military personnel and a radar system at Ali Al Salem air base in Kuwait with a missile and drone attack.

Three U.S. officials told Reuters that U.S. strikes aimed at forcing open the strait are also targeting Iranian military capabilities the U.S. would want to destroy before executing more complex operations.

Naval Blockade and Maritime Incidents

The U.S. military also said it disabled an unladen oil tanker attempting to sail toward Iran's Kharg Island after it ignored multiple warnings, firing Hellfire missiles into the ship's smokestack. Since resuming a naval blockade against Iran on Tuesday, the U.S. has redirected two ships and disabled another, the military said.

Explosions and Air Defense in Iran

Iranian news media reported a series of explosions, mainly in coastal areas such as Bandar Abbas. Other explosions or projectile strikes were reported around the city of Ahvaz, just inland from the northern end of the Gulf, and Konarak, Sirik and Qeshm in southern Iran.

Press TV reported at least two explosions in the central Iranian city of Khondab, about 250 km (155 miles) southwest of Tehran. Mehr news agency reported Iran activated its air defenses in Tehran to counter "hostile threats."

Impact on Civilians and Infrastructure

Iranian state broadcaster IRIB reported that the U.S. attacks struck near a hospital in Ahvaz that houses a pediatric cancer center, forcing the temporary evacuation of the hospital. Families have come out to the streets around the hospital to care for their children, the Islamic Republic of Iran Broadcasting (IRIB) said.

Political Statements and Negotiations

Iranian Leadership's Position

After the first wave, Tehran's top negotiator Mohammad Baqer Qalibaf issued a statement declaring that Iranian security depended on maintaining what he called "Iranian arrangements" in the strait. 

"We are in an essential and existential war with America," Qalibaf said.

Casualties and Humanitarian Impact

The war has killed thousands of people and displaced millions, mainly in Iran and Lebanon, where conflict restarted between Israel and Iran-backed militant group Hezbollah. In July alone, U.S. attacks have killed 35 people, Tasnim reported, citing a health ministry official.

US Political Reactions and Diplomacy

Trump's Statements on Iran

TRUMP SAYS IRAN WANTS TO SETTLE

Trump struck a triumphant note, as he has repeatedly since the U.S. and Israel started hostilities on February 28, saying, "We'll have Iran defeated soon. They'll be defeated very soon."

Speaking at a roundtable event at the Pennsylvania Defense and Innovation Summit, Trump also claimed the Iranians want to "settle so badly."

"They don't like what we're doing, and they do want to settle. We'll find out whether or not we settle with them, or we just finish it off," Trump said.

Negotiations and Diplomatic Efforts

On Tuesday, Trump said U.S. negotiators had been in touch with their Iranian counterparts to tell them "you better make a deal."

Iran's military spokesperson said that the only way to reopen the Strait of Hormuz was for the U.S. to comply with the 14-point memorandum of understanding that the two sides signed in June, and the implementation of "Iranian regulations" regarding ship traffic in the strait.

Signs of Goodwill and Prisoner Release

Even amid the hostilities, there was a possible sign of goodwill. Trump said Iran had allowed an American who was "wrongfully detained" under the Biden administration in 2024 to leave the country.

"The United States of America appreciates this gesture of Goodwill by Iran," Trump wrote on Truth Social.

Human rights attorney Jared Genser identified the released American as Dena Karari, who had been prevented from leaving Iran since December 2024.

"Dena is now safe and traveling back to the United States," Genser wrote on X, thanking Trump for his efforts to free her.

Additional Reporting and Editing

(Additional reporting by Jarrett Renshaw in Carlisle, Pennsylvania, Kanishka Singh in Washington, and Muhammad Al Gebaly and Hatem Maher in Cairo; Writing by Aidan Lewis, William Maclean, David Brunnstrom and Daniel Trotta; Editing by Ros Russell, Sanjeev Miglani, David Gaffen, Lincoln Feast and Michael Perry)

Key Takeaways

  • Iran’s IRGC declared the Strait of Hormuz closed until U.S. actions end, escalating maritime confrontation. (internazionale.it)
  • The U.S., under Trump’s orders, reinstated a naval blockade on Iranian ports starting July 14 at 4 p.m. ET, while claiming neutral transit remains open. (defensenews.com)
  • Houthi-aligned forces in Yemen threatened to shut the Bab el‑Mandeb Strait, which could push oil prices toward $200/barrel and open a new strategic flashpoint. (reddit.com)

References

Frequently Asked Questions

Why is Iran threatening to block major seaways?
Iran is retaliating against a renewed US naval blockade and aims to deny energy exports benefiting the US and its allies.
Which strategic waterways are at risk of closure?
The Strait of Hormuz and Bab el-Mandeb strait are at risk, both crucial for global oil and shipping routes.
How could the seaway blockade impact global oil prices?
Shutting these routes could send oil prices soaring, potentially up to $200 a barrel, due to disrupted supply.
Who are Iran's allies in enforcing seaway threats?
Iran may use Houthi allies in Yemen to close Bab el-Mandeb and escalate pressure on global shipping.
What actions is the US taking in response to Iran's threats?
The US has conducted naval blockades, carried out military strikes near the Strait of Hormuz, and threatened targeting Iranian energy assets.

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