DUBAI, United Arab Emirates — On July 8, 2026, Iran targeted American military sites in the Gulf after the United States launched strikes on several locations in Iran and reinstated sanctions on Iranian oil sales. Washington stated it was responding to Iranian attacks on ships in the Strait of Hormuz.

The U.S. strikes reportedly hit Iranian air defense systems, radars, and over 60 small boats used by Iran’s paramilitary Revolutionary Guard. Meanwhile, Kuwait intercepted two ballistic missiles and 13 drones launched by Iran.

The exchange of attacks has raised fears that the war in Iran could reignite, potentially engulfing the wider Middle East and disrupting crucial energy shipments through the Strait of Hormuz, which are vital to the global economy.

U.S. President Donald Trump intensified concerns by declaring the interim ceasefire "over," though he said negotiations could continue. He expressed skepticism about the talks, stating, "They can talk, but I think they’re wasting their time."

Following Trump's remarks, the price of Brent crude oil spiked over 6%, reflecting market uncertainty.

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