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U.S. Expands Iran Strikes as Tehran Retaliates Across the Gulf

U.S. Expands Iran Strikes as Tehran Retaliates Across the Gulf | EN590 Commodities Group
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U.S. Expands Iran Strikes as Tehran Retaliates Across the Gulf

July 17, 2026
Source: oilprice.com
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China to Hike Retail Gasoline and Diesel Prices as Oil Jumps 12% in a Week RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established.

We provide what many… US forces stepped up attacks on Iranian sites, reportedly striking key bridges, railways, and an airport, prompting retaliatory action by Tehran, even while the White House said talks between the warring sides were still under way and that diplomacy remained a viable option.

in Iran, "US forces began conducting a new wave of strikes against Iran for the sixth consecutive night to further degrade Iranian military capabilities," US Central Command (CENTCOM)said in a statement on July 16.

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Hours later, CENTCOM said that the mission had been "successfully" completed and that "dozens" of Iranian military sites had been struck "US forces, including fighter jets, aerial drones, and warships, launched precision munitions that hit dozens of Iranian military targets such as coastal surveillance and air defense sites, military logistics infrastructure, and maritime capabilities,"it said.

White House spokeswoman Karoline Leavitt said the "reason for the recent strikes over the course of ‌the last several days is because Iran violated the memorandum of understanding that we struck with them." "Specifically, in the ‌memorandum of understanding that they signed, they were not to fire on commercial vessels moving through the Strait of Hormuz, and unfortunately they have made the tragic decision for them ‌to do that." Early on July 17, Iranian state media reported explosions and attacks at several sites, although the reports could not immediately be confirmed and CENTCOM did not specify its areas of operations.

Strikes around the Gulf island of Qeshm near the Strait of Hormuz, the focal point of the conflict in recent weeks, were reported by Iranian media.

Tasnim news agency also reported that US fighter jets had attack the airport in Iranshahr, a city of about 100,000 people some 300 kilometers from the Gulf of Oman in the south of Iran.

Separately, Fars news agency said that a bridge in Bandar Khamir had been targeted in a US attack.

Bandar Khamir is on the Iranian mainland across from oft-struck Qeshm Island overlooking the Strait of Hormuz Later, Iranian media reported that five bridges in the south were hit in the latest wave of US strikes, adding that seven people had been killed.

Explosions were reported in Bushehr -- the city is home to Iran's only civilian nuclear plant, a strike that state TV called a "continuation of the American enemy aggression." Explosions were also reported at a railway junction in coastal Bandar Abbas and near Ahvaz, where residents told AFP that they had heard strong blasts for the second straight night.

Early on July 17, authorities in Kuwait, Bahrain, and Qatar reported that its air defenses were responding to apparent Iranian missile and drone attacks.

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Indicative Market Prices July 17, 2026 17:23 UTC
ProductPriceChange
Brent Crude$102.14/bbl +0.34%
WTI Crude$96.90/bbl +0.21%
EN590 Diesel$846/MT +0.18%
Jet Fuel A-1$1090/MT +0.55%
Mazut M100$450/MT -0.15%
Bitumen 60/70$470/MT +0.08%
Sulphur Gran 99.5%$470/MT -0.44%
Urea 46% Gran$650/MT +1.12%
NPK 16-16-16$460/MT -0.28%
Nat Gas TTF$15.42/MMBtu +0.92%
* Indicative prices for reference only. Contact us for firm offers.
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