Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed
- Posted on July 13, 2026
- By Business News Today
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- 1 min read
Tensions escalate dramatically in the Persian Gulf as Iran responds to American military operations with coordinated missile and drone strikes across the region. Tehran claims control over the Strait of Hormuz, a critical chokepoint for global energy transport, threatening international commerce. The tit-for-tat military engagement undermines diplomatic negotiations and sends commodity markets into volatility, with crude oil prices surging amid geopolitical uncertainty and shipping route disruptions affecting worldwide supply chains.
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