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US and Iran vie for Strait of Hormuz, waterway key to global energy supplies, in latest attacks

  • Posted on July 13, 2026
  • By Business News Today
  • 1 Views
  • 1 min read
In brief

Tensions escalate in the Persian Gulf as the United States and Iran intensify their military posturing over the strategically critical Strait of Hormuz, a chokepoint responsible for nearly one-third of global maritime oil trade. Recent US military strikes targeting Iranian defense infrastructure have prompted retaliatory threats, destabilizing regional security and jeopardizing international efforts to de-escalate Middle East conflicts. This volatile situation poses significant risks to energy markets and global economic stability.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

US and Iran vie for Strait of Hormuz, waterway key to global energy supplies, in latest attacks
US and Iran vie for Strait of Hormuz, waterway key to global energy supplies, in latest attacks

The United States and Iran both claim control over the Strait of Hormuz. Escalating attacks across the Middle East threaten ongoing diplomacy to end the war. US forces struck dozens of Iranian sites, including air defense systems and radar. Iran rejected the US statement, asserting its territorial claim over the vital waterway. Missile alert sirens sounded in Bahrain, home to the US Navy's Fifth Fleet.
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Author
Business News Today

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