US and Iran exchange strikes as regional tensions escalate
The US military has conducted a third consecutive night of strikes against Iranian targets, leading to a rise in global oil prices.
The Business Standard14 July 2026, 9:25 AM1 readsAMP
The United States military launched a third consecutive night of strikes against Iranian targets on Monday. The operations targeted several locations, including the port city of Bandar Abbas, the islands of Kish, Qeshm, and Abu Musa, as well as the city of Jam. As the fighting intensifies in the region, global oil prices have begun to climb.
