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BusinessLatest

US, Iran exchange strikes for 10th straight night amid tensions

Managing Editor
Last updated: July 21, 2026 11:54 am
Managing Editor
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Contents
Red Sea threatDiplomatic exchanges
Smoke rises from an explosion at an unknown location, during what US Central Command says are strikes on Iran, in this screengrab taken from a handout video released on July 20, 2026. — Reuters
Smoke rises from an explosion at an unknown location, during what US Central Command says are strikes on Iran, in this screengrab taken from a handout video released on July 20, 2026. — Reuters
  • About 100 US troops injured since July 7.
  • Houthis threaten Saudi port blockade.
  • Oil prices rise amid Hormuz tensions.

The United States and Iran exchanged strikes for the 10th consecutive night, as tensions between the two countries continued to escalate, and the conflict threatened to widen with a blockade of Saudi ports by Houthi in Yemen.

Iran targeted US radar and air defence installations in the Gulf on Tuesday, warning Washington of “more decisive and powerful” attacks.

Iran’s Revolutionary Guards said they had attacked and stopped two “non-compliant oil tankers” attempting to transit the Strait of Hormuz, part of an effort to tighten its grip on the vital waterway while the war reignited.

Iran’s Revolutionary Guards said they also targeted infrastructure belonging to US company Amazon in Bahrain, according to a statement published by state media.

There was no official confirmation from Bahrain. Reuterscould not independently verify the incident.

The US military said it finished its latest round of strikes on Iran, saying it hit Iranian military command centers, maritime capabilities, missile and drone launch sites, and air defense systems.

The US Central Command made the announcement in a post on social media website X.

Following the killing of at least three US soldiers in the past several days, the United States launched a new round of attacks against Iran late Monday which it said were “designed to further degrade Iranian military capabilities used to attack commercial shipping” in the strait.

Hours later, the Iranian army said it had targeted US assets in Kuwait and Bahrain, including air defence systems, radar installations and administrative buildings.

“With this radar sweep, the enemy should prepare for even more decisive and powerful waves of drone and missile attacks,” the Guards said in a statement carried by state news agency IRNA.

US President Donald Trump warned Monday that Iran would pay “many times over” for every American soldier killed, while Iranian President Masoud Pezeshkian said the conflict had become “a full-scale war”.

Nearly 100 US servicemembers have been wounded since July 7, the Pentagon said on Monday, most with minor concussions.

Red Sea threat

Houthis, meanwhile, threatened a major broadening of the war, announcing they would blockade Saudi ports.

Such a move by the Houthis would put at risk Riyadh’s ability to bypass the flashpoint Strait of Hormuz for some of its oil exports and have major repercussions on the global economy.

Saudi Arabia and the Houthis traded fire last week for the first time in years, threatening a 2022 truce, but the Yemeni group has largely remained on the sidelines since Israel and the United States attacked Iran in late February.

Saudi Arabia strongly condemned the threat from what it called the “terrorist Houthi militia” and said it “continues to support the brotherly Yemeni people and their legitimate government”.

The Middle East war resumed after an April ceasefire and a June framework deal collapsed.

Tehran reimposed its blockade of the Strait of Hormuz, and Washington hit back by again blockading Iran’s ports.

Oil prices surged briefly to a one-month high Monday before easing slightly early Tuesday as the foes battle to control the strait, through which a fifth of world oil travelled in peacetime.

Although far below its prewar totals, Saudi Arabia has been able to continue exporting millions of barrels of oil a day via its Red Sea port of Yanbu.

Oil markets have for months feared that the Houthis would return to attacking shipping in the Red Sea and Gulf of Aden — as they did during the Gaza war — potentially cutting off yet more crude from global markets.

The Houthis, who have been at war with Riyadh for over a decade, have not said how they will enforce their blockade.

Diplomatic exchanges

In the Strait of Hormuz, meanwhile, the Revolutionary Guards said Tuesday two tankers attempting to transit the strait “were hit by explosions, resulting in massive fires that brought them to a standstill”.

The UK Maritime Trade Operations agency (UKMTO) earlier reported that an “unknown projectile” struck a tanker off the coast of Oman.

On Tuesday, UKMTO reported another tanker off the coast of Oman had been struck by a projectile.

Despite the latest fighting, Iranian foreign ministry spokesman Esmaeil Baqaei said diplomatic exchanges with Washington via mediators were ongoing.

Iran’s Interior Minister Eskandar Momeni is in Islamabad for a two-day visit during which he will meet with Prime Minister Shehbaz Sharif and Chief of Defence Forces (CDF) Asim Munir, according to to the interior ministry.

Lebanese President Joseph Aoun is set to meet with Trump in Washington on Tuesday as pressure builds for Beirut to disarm Hezbollah, Israel’s key condition before withdrawing from south Lebanon.



2026-07-21 11:37:00

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