Senators press Hegseth on Iran war as GOP seeks $95 billion package
Why it matters: The bill would steer $70 billion to the conflict, plus $10 billion each for farmers and voting-law changes.
Bloomberg, The New York Times +2
Subject
#Strait of Hormuz
Brent tops $92 as Iran war lifts US gas back to $4 a gallon
Why it matters: tanker reroutings in the Red Sea and blocked Hormuz traffic are tightening fuel supplies from US pumps to Asian crude shipments.
U.S., Iran trade 11th day of strikes as Hormuz fight deepens
Why it matters: The fighting has pushed Brent above $92 a barrel, disrupted Gulf shipping and raised the risk of a wider regional war.
BBC News (World), PBS NewsHour +1
U.S. hit Iran for 10th night as Tehran struck Bahrain, Kuwait
Why it matters: attacks on Gulf infrastructure and shipping in the Strait of Hormuz are raising risks for global oil supplies and consumer fuel prices.
BBC News (World), PBS NewsHour +2
Trump and Burnham plan meeting after first call on trade, Hormuz
What's new: Their first conversation covered North Sea oil, shipping through the Strait of Hormuz and a possible near-term visit.
Bloomberg, The Straits Times +1
Asian LNG hits 4-month high as Hormuz traffic slows amid US-Iran clash
Why it matters: Spot LNG reached about $20.2 per mmBtu, roughly double prewar levels, while supertanker crossings and Gulf oil transfers fell.
US hits Iran for 10th straight night as troop death toll reaches 17
Why it matters: The strikes aim to reopen the Strait of Hormuz, where tanker traffic remains far below normal and oil prices have been jolted.
US hits Iran for 9th night as 3rd service member dies in conflict
Why it matters: Oil topped $90 a barrel as fighting around the Strait of Hormuz further disrupted shipping and widened regional risks.
BBC News (World), PBS NewsHour +2
Oil jumps 4.6% as US-Iran attacks threaten Hormuz and Red Sea
Why it matters: Brent settled at $88.10 and both crude benchmarks gained about 16% for the week as tanker traffic faced new risks.
Oil surges 16% for week as US-Iran attacks threaten Gulf shipping
Why it matters: Brent settled at $88.10 and WTI at $82.49 as tanker traffic through Hormuz slowed and a Red Sea disruption risk grew.
Oil climbs more than 1% as Hormuz risks offset fresh US-Iran talks
What's new: Brent settled at $89.22 and U.S. crude at $83.23 after tanker traffic through the Strait of Hormuz fell sharply.
Brent tops $90 as US-Iran attacks disrupt Hormuz oil traffic
Why it matters: The strait carries about one-fifth of global oil trade, and tanker transits fell to four on Sunday from eight a day earlier.
Brent tops $90 as US-Iran strikes choke Hormuz oil traffic
Why it matters: About one-fifth of global oil trade normally moves through the strait, and tanker traffic has already thinned.
US death toll in Iran conflict hits 17 after Iraq drone blast
What's new: Centcom reported another service member killed in Iraq and said remains found after the Jordan base strike are still being identified.
Gold holds near $4,000 as US-Iran clashes push Brent above $90
Why it matters: Higher oil prices are reviving inflation fears and keeping at least one Fed rate hike this year in play.
Oil jumps 4.6% as US-Iran attacks threaten Hormuz and Red Sea
Why it matters: Brent settled at $88.10 and both crude benchmarks posted weekly gains of about 16% as tanker risks mounted.
US gas prices climb back to $4 a gallon as Iran war lifts oil
Why it matters: Higher fuel costs are returning ahead of the midterms, with Brent crude above $90 and diesel at $5.11 a gallon.
Bloomberg, The Hill
Oil holds near $85 as US-Iran strikes choke Hormuz flows
What's new: Brent climbed nearly 12% for the week as tanker traffic through the strait fell by about 4.6 million barrels a day.
Oil jumps 4.5% as US-Iran attacks threaten Hormuz and Red Sea
Why it matters: Brent ended at $88.10 and WTI at $82.49 after both benchmarks surged about 16% for the week.
Brent tops $85 as US-Iran strikes threaten Hormuz and Red Sea flows
What's new: Brent and WTI are both up about 12% this week as traders weigh risks to two key oil export routes.
Oil jumps 4.5% as US-Iran strikes threaten Hormuz and Red Sea flows
Why it matters: Brent closed at $88.10 and WTI at $82.49, with both benchmarks up about 16% for the week.
Brent tops $90 as US-Iran attacks choke Hormuz oil traffic
What's new: only four vessels transited the strait Sunday, down from eight a day earlier, as dual blockades threatened tighter inventories.
Oil jumps nearly 12% for week as US-Iran attacks choke Hormuz
Why it matters: Brent traded above $85 and oil flows through the strait have fallen by 4.6 million barrels a day, raising supply risks.
Iranian attack in Jordan kills 2 US troops as Tehran hardens stance
Why it matters: The deaths are the first from direct Iranian fire in the war, as Tehran also pulled back from a month-old interim deal.
US hits Iranian bridges as Tehran strikes Kuwait plant
Why it matters: Brent crude rose 3% as fighting spread to shipping lanes near the Strait of Hormuz and the Red Sea.
US, Iran trade new strikes as Hormuz fighting spreads across region
Why it matters: Oil climbed above $86 a barrel as shipping through the Strait of Hormuz fell to a three-week low.
US hits Iran bridges as tanker seizures rattle Gulf shipping
Why it matters: Brent crude rose 3% and the collapsed ceasefire is pushing Washington and Tehran closer to wider war.
Bloomberg, NPR
2 tankers explode in Hormuz as attacks cut traffic and lift oil
Why it matters: Ship transits fell to eight on Thursday from 15 a day earlier, deepening supply fears across a key oil chokepoint.
Oil climbs near 1-month high as US-Iran strikes squeeze supply
What's new: Brent was up nearly 12% for the week, with risks spreading beyond Hormuz to a possible Red Sea disruption.
U.S. hit 6 bridges in Iran as Tehran widened strikes across Gulf
What's new: Kuwait reported damage at a power and desalination station as Bahrain, Qatar and Jordan intercepted Iranian attacks.
NPR, The Hill
Oil jumps to 1-month high as Hormuz attacks cut tanker traffic
Why it matters: About 20% of global oil once moved through the strait, and flows there have dropped sharply as US-Iran fighting resumes.
Asian stocks slide as chip selloff deepens; Nikkei drops 4.4%
What's new: Brent neared $85 a barrel and was up 12% for the week as Strait of Hormuz shipping slumped, adding to inflation worries.
India bars new seafarer deployments through Strait of Hormuz
Why it matters: Two Indian sailors were killed in three days, and a union says more than 15,000 others remain west of the strait.
Europe stocks rise 0.2% as soft US inflation eases Fed fears
What's new: Traders cut the odds of a July Fed rate hike to about 10% from 35% before the inflation report.
Ships go dark in Hormuz as attacks hobble US-guided route
What's new: All six commodity carriers tracked on July 12 crossed with transponders off, while some shippers are refusing escorted passages.
Oil jumps to 1-month high as US-Iran clash jolts Hormuz traffic
What's new: Brent neared $85 after tanker traffic through the strait fell to a two-month low and missile strikes hit 2 UAE vessels.
The New York Times, The Hill
US hit Iranian coastal defenses as Trump threatened power grid strikes
What's next: Trump warned bridges and power plants could be targeted next week unless Tehran enters talks.
CNBC, Fox News +1
US hits Iranian coastal sites as Hormuz truce breaks down
Why it matters: Oil rose more than 4% and only six vessels crossed the strait Sunday, underscoring risks to global energy flows.
BBC News (US & Canada), CNBC
US hits Iranian coastal targets as Hormuz blockade resumes
What's new: Trump dropped a proposed 20% cargo fee, while US officials tied Iran to seven ship attacks in the past week.
US restores Iran shipping blockade as Hormuz fighting flares
What's new: Trump dropped a planned 20% cargo toll, but fresh US strikes and Iranian attacks kept the ceasefire from unraveling further.
UN maritime agency rejects Trump’s 20% Strait of Hormuz fee
Why it matters: Shipping officials and legal experts say tolls for transit through the strait have no basis in international law.
Bloomberg, The New York Times +6
Trump orders 20% Hormuz cargo fee as US widens strikes on Iran
Why it matters: Oil jumped more than 9%, and the new US blockade of Iranian ports is set to resume Tuesday afternoon.
US starts Iran maritime blockade July 14, covering all ports
What's new: The order allows interception, diversion and capture of any vessel entering or leaving Iranian waters without authorization.
The New York Times, The Business Times (Singapore) +1
Trump notifies Congress of renewed Iran hostilities, 60-day clock
Why it matters: The filing seeks to reset war-powers limits as lawmakers from both parties press to end US military action.
US sets Tuesday Iran port blockade, 20% Hormuz cargo toll
Why it matters: The move targets a waterway that carries about a fifth of global oil and gas, after fresh US-Iran strikes shook the region.
Trump reinstates Iran blockade, seeks 20% fee on Hormuz cargo
Why it matters: The move deepens a US-Iran clash that has disrupted a key oil route and driven up energy prices.
The New York Times, The Straits Times
Oil jumps, Asian stocks slip as US-Iran fighting rattles markets
Why it matters: Brent climbed above $80 this week as thinner Hormuz traffic revived inflation fears and pushed bond yields higher.
Bloomberg, The Straits Times +1
Iran attacks 3 tankers as US, Oman press new Hormuz talks
Why it matters: About a fifth of traded oil and gas once moved through the strait, and tanker traffic remains far below prewar levels.
Iran widens Gulf strikes as Hormuz closure drives oil higher
Why it matters: Brent jumped to $79.11 a barrel as the fighting threatened a route that once carried a fifth of global oil and LNG shipments.
US hit dozens of Iran targets after Hormuz ship attack
What's new: Iran then fired at Bahrain, Kuwait, Qatar, Jordan and Oman, widening the conflict around a key oil route.
Bloomberg, MarketWatch
Brent jumps above $78 as US-Iran fighting hits Hormuz traffic
Why it matters: About a fifth of global oil usually moves through the strait, and vessel traffic reportedly fell to 11 before halting.
US hits 140 Iran targets after Hormuz ship attack sparks reprisals
What's next: Iran struck U.S.-hosting Gulf states, raising the risk that talks over the waterway and the wider war could collapse.
Oil jumps about 5% as U.S.-Iran truce falters, Hormuz risks grow
What's new: Brent settled at $78.02, its highest since June 19, as traders weighed tanker disruptions and a new Russian diesel export ban.
US hits about 140 Iran targets as Hormuz fighting widens
Why it matters: Iran answered with attacks on Gulf states hosting US forces, putting oil and gas shipments and nuclear talks at greater risk.
Iran, US trade fire as new strikes hit Qeshm and Kuwait
Why it matters: The clash centers on the Strait of Hormuz after a commercial ship was set ablaze, threatening oil flows and wider war talks.
US hits 140 targets in Iran after Hormuz ship attack ignites Gulf
Why it matters: Iran also fired at Qatar, Bahrain and the UAE after a container ship was set ablaze and a crew member went missing.
US hit 140 Iranian military targets after Strait of Hormuz attack
What's new: CentCom said three nights of strikes have now hit more than 300 targets as Iran warned of a "severe response."
US strikes Iranian coast after Hormuz ship attack; Gulf states hit
What's new: Iran said the Strait of Hormuz is closed until further notice after a Cyprus-flagged ship caught fire and a crew member went missing.
IMO rejects Iran bid to control Hormuz as US presses for halt
Why it matters: The clash sharpens pressure on Tehran after attacks on three ships and raises risks for global oil and shipping.
BBC News (World), The Straits Times +1
US hit more than 80 targets in new strikes on Iran
What's new: Washington also revoked Iran's oil-sale license after three tankers were struck in the Strait of Hormuz.
Bloomberg, The New York Times +3
Trump ends U.S.-Iran ceasefire after strikes hit 80 targets
Why it matters: Brent crude jumped 5.7% after the U.S. hit shipping-linked targets and revoked Iran's oil-sale waiver.
BBC News (World), Bloomberg +6
US hit 90 targets in Iran as missiles reached Bahrain and Kuwait
Why it matters: The flare-up threatened traffic through the Strait of Hormuz, a route that carried about a fifth of traded oil and gas before the war.
Bloomberg, The New York Times +2
Iran struck US sites in Bahrain and Kuwait after American raids
What's new: Air raid sirens sounded in both Gulf states as Washington broadened strikes after tanker attacks in the Strait of Hormuz.
Projectile strike sets tanker ablaze near Oman in Hormuz waterway
Why it matters: The attack threatens fragile US-Iran talks and rattled a route that handles a major share of global oil and gas trade.
Bloomberg, The New York Times +7
US hits 80+ Iran targets after 3 ships struck near Hormuz
What's new: Washington also revoked a license for Iranian oil sales, sending crude prices up more than 3% and straining the June ceasefire.
US hits Iranian military sites after 3 tankers were struck in Hormuz
What's new: Washington also revoked Iran's oil sales license, a move that sent oil prices up more than 3%.
US yanks Iran oil waiver after 3 tankers are hit near Hormuz
Why it matters: Brent settled up 3% and climbed above $76 after the move, as ship-threat warnings in the strait were raised to severe.
CNBC, MarketWatch +1
Bullish US dollar bets hit $40 billion, highest in over a decade
Why it matters: Traders now expect at least one Fed rate hike this year after the dollar climbed 2% in June.
Iran fired 2 missiles at commercial ships in Strait of Hormuz
Why it matters: UK maritime monitors said a tanker off Oman caught fire, and Axios reported the U.S. could retaliate against Iranian targets.
Bloomberg, Antara News
UN pauses Hormuz ship escorts after vessel is hit off Oman
Why it matters: The halt clouds a new U.S.-backed route meant to free stranded ships, with oil prices rising as transit risks return.
The Straits Times, PBS NewsHour +1
US rejects Iran bid to levy Hormuz transit fees after war truce
What's new: The UN maritime agency plans to evacuate more than 11,000 sailors as traffic recovers to about 40% of normal levels.
The New York Times, Bloomberg +2
Brent falls below $72.48 as more ships resume Hormuz crossings
Why it matters: Oil has dropped back to prewar levels after US-Iran talks and a new channel to reduce risks for commercial vessels.
Oil falls as 35 million barrels clear Strait of Hormuz
What's new: More than 20 tankers have transited since the U.S.-Iran deal, pushing Brent back below $73 a barrel.
Iran threatened action over unauthorized Hormuz crossings
Why it matters: The warning clouds a 60-day US-Iran deal to keep the chokepoint open and leaves future shipping fees unresolved.
The Straits Times, CNBC
Rubio opens Gulf tour to shore up support for Trump’s Iran deal
Why it matters: Gulf states fear a $300 billion fund and no missile limits could leave Tehran stronger while US bases remain exposed.
The New York Times, BBC News (US & Canada) +2
Plastics shortage from Hormuz disruption lifts food costs across Asia
Why it matters: Packaging prices have jumped 20% to 50%, pushing dairy, seafood, egg carton and rice suppliers toward higher consumer prices.
Bloomberg, The Business Times (Singapore)
US-Iran deal keeps Strait of Hormuz toll-free for 60 days
Why it matters: The waterway handles about 20% of global oil traffic, and Brent crude fell 3% as passage prospects improved.
Bloomberg, CNBC
UN starts phased Hormuz evacuation for 11,000 stranded seafarers
What's next: Ships will be assigned individual transit days as Iran, Oman and the US coordinate temporary routes around unsafe lanes.
Bloomberg, BBC News (World) +1
Iran war left $125 billion in ships and cargo trapped in Gulf
What's new: Allianz said war-risk claims already include damaged container ships, bulk carriers and oil tankers, with some losses potentially total.
Trump claims Iran accepted nuclear inspections; Tehran denies it
What's new: Trump said inspections could wait and tied continued talks to access for U.N. watchdog inspectors.
Bloomberg, The Straits Times +2