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US Airstrikes Hit Iran; Oil Rises as Houthi Blockade Begins

7/23/2026

29 5 Full Breakdown

Summary

US Airstrikes

U.S. Central Command said a twelfth night of airstrikes hit Iranian military sites, striking the Shalamcheh border crossing terminal and killing two, injuring others.
Secretary of State Marco Rubio said Iran wants a deal yet is not ready, warned of a “head for an eye” policy and said denuclearization remains a priority.
Brent rose 3.5% to $94.20 and U.S. West Texas Intermediate to $87.56 after the strikes.

Summary

Rubio Warns

Senator Marco Rubio warned ASEAN leaders in Manila that Iran’s bid to control the Strait of Hormuz and charge tolls would set a dangerous precedent.
Rubio met Quad foreign ministers at the ASEAN meeting and issued a joint statement reaffirming maritime-security cooperation against China.
Houthi rebels announced a blockade of Saudi-linked vessels in the Bab el-Mandeb Strait, handling about 12% of global trade.

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US Airstrikes

U.S. Central Command said a twelfth night of airstrikes hit Iranian military sites, striking the Shalamcheh border crossing terminal and killing two, injuring others.
Secretary of State Marco Rubio said Iran wants a deal yet is not ready, warned of a “head for an eye” policy and said denuclearization remains a priority.
Brent rose 3.5% to $94.20 and U.S. West Texas Intermediate to $87.56 after the strikes.

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