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geopoliticsbullishWTIPublished Jul 17, 2026, 2:00 PM

US Expands Airstrikes on Iran, Escalating Conflict Over Strait of Hormuz

US Expands Airstrikes on Iran, Escalating Conflict Over Strait of Hormuz
US forces struck bridges, a key port, and other infrastructure in Iran on July 16-17, 2026, while Iran retaliated with attacks on Gulf facilities and warned the Strait of Hormuz is a 'red line'. The escalation threatens oil shipments through the chokepoint carrying 20% of global supply.

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