WS #11957
President Trump states US is 'taking over' the Strait of Hormuz and will be reimbursed for guarding it, escalating the conflict after Iran closed the strait. Houthi military spokesperson says Saudi strike on Sanaa airport marks end of de-escalation phase; Yemen government says it attacked to prevent Iranian aircraft landing. OPEC July monthly report lowers 2026 global oil demand growth forecast from 970k to 780k bpd, a bearish signal for oil prices. UK government designates Iran's IRGC as a terrorist organization under new National Security Act, escalating Western pressure on Iran.
US-Iran Conflict Escalation: Trump Claims Strait of Hormuz
President Trump states US is 'taking over' the Strait of Hormuz and will be reimbursed for guarding it, escalating the conflict after Iran closed the strait.
Houthi military spokesperson says Saudi strike on Sanaa airport marks end of de-escalation phase; Yemen government says it attacked to prevent Iranian aircraft landing.
OPEC July monthly report lowers 2026 global oil demand growth forecast from 970k to 780k bpd, a bearish signal for oil prices.
UK government designates Iran's IRGC as a terrorist organization under new National Security Act, escalating Western pressure on Iran.