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US launches twelfth night of strikes on Iran
The Times of India··23 Jul
Iran-backed Houthis claimed attacks on two Saudi oil tankers in the Red Sea as the US carried out its 12th night of strikes on Iran on July 23. State TV reported two killed at the Shalamcheh border crossing. Foreign Minister Abbas Araghchi warned of an eye-for-an-eye response. Brent crude traded above $95 as Hormuz disruptions continued affecting global oil markets.
Prism
What It Means For You
- Oil above $95 affects fuel costs and import bills for India.
- Hormuz and Red Sea disruptions threaten shipping and energy supply chains.
- US-Saudi nuclear deal adds uncertainty to Middle East security calculations.
What's Happening
- US launched its 12th night of strikes on Iran on July 23.
- Houthis claimed attacks on Saudi oil tankers in the Red Sea.
- Brent crude traded above $95 amid Hormuz shipping disruptions.
Global Energy Shock Risk
- Iran warned of eye-for-an-eye responses to US infrastructure strikes.
- US and Saudi Arabia signed a controversial nuclear agreement.
- Chinese supertankers tested Houthi blockade enforcement in the Red Sea.
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