The global oil price went above $90 but pulled back on signs of hope for a reduction in tensions.
Source: [NYT Business](https://www.nytimes.com/2026/07/19/business/oil-prices-stocks-gas.html)
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.
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.
Developing story — details emerging. Check the source link for the latest updates.