US and Saudi Arabian forces launched coordinated airstrikes against Iran-aligned militia sites across Iraq, killing at least 20 fighters following an Iranian missile attack on Jordan.

The United States and Iran suspended military strikes for consecutive nights, creating a temporary opening for diplomatic channels to gain traction.

Brent crude and WTI prices surged on July 17, 2026, as renewed military strikes between the U.S. and Iran raise fears of disruptions to global oil corridors.

U.S. forces conducted a wide-ranging offensive against Iranian military infrastructure following attacks on commercial shipping. The IRGC retaliated with strikes against U.S. bases in Kuwait and Bahrain.