"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.
Source: [Fortune](https://fortune.com/2026/07/20/gas-prices-iran-us-war-economic-gravity-warning-ubs/)
The U. S. has launched strikes against Iran for 11 consecutive days, citing a need to "degrade Iran's ability to threaten commercial shipping.
The risk of continued fighting and a threatened blockade in the Red Sea added to uncertainty about the flow of energy from the region.
US military completes 11th night of strikes as attacks overshadow diplomatic efforts in Pakistan to salvage interim ceasefire deal What is Pickaxe Mountain, Iran’s underground nuclear facility? The Jordanian army said it intercepted four Iranian missiles on Wednesday with two additional missile ...
Developing story — details emerging. Check the source link for the latest updates.
Soldiers carry pump-action shotguns as a last-resort defense against the Russian drones that have saturated the battlefield.
The Pentagon insists the Strait of Hormuz is open, but the threat to shipping is increasing, along with oil prices.