Trump Questions Iran Deal After U.S. Hits 170 Targets as Brent Holds Above $78
Updated
Updated · CNBC · Jul 9
Trump Questions Iran Deal After U.S. Hits 170 Targets as Brent Holds Above $78
3 articles · Updated · CNBC · Jul 9
Summary
Trump said he does not know whether the U.S. and Iran are heading back to full-scale war, even as he claimed Tehran "badly" wants a deal after U.S. forces struck about 170 Iranian military targets.
Centcom said Wednesday's strikes were meant to degrade Iran's ability to attack commercial shipping in the Strait of Hormuz, following attacks on three commercial vessels and another Iranian retaliatory move.
Trump said Washington had hit Iran "20 to 1" in response and questioned whether Tehran would honor any agreement, a day after he declared the truce effectively over at the NATO summit.
Iran's foreign ministry called the strikes a violation of the memorandum of understanding reached less than four weeks ago and said Tehran would defend its sovereignty and punish the aggressors.
Brent crude held above $78 and WTI traded at $73.55, with the Hormuz disruption still threatening oil flows, inflation and the broader ceasefire effort.
As renewed US sanctions hit Iran's oil, will its top buyer, China, defy the blockade and risk conflict?
With the ceasefire shattered, is the US-Iran conflict now spiraling into a wider, uncontrollable regional war?
Will military strikes deter Iran, or will they only accelerate a secret push to build a nuclear weapon?
Strait of Hormuz Crisis 2026: Oil Shipments Disrupted, Global Energy Markets Face Prolonged Shock
Overview
On July 7, 2026, attacks on three commercial ships in the Strait of Hormuz shattered the fragile recovery of oil and gas shipments. In response, the U.S. launched retaliatory strikes against Iran and revoked a key sanctions waiver, immediately reimposing sanctions. This marked a sharp economic and military escalation, reversing recent diplomatic progress that had briefly eased tensions and allowed Iran to sell oil. The renewed hostilities quickly drove up global oil prices and raised fears of further conflict, highlighting how quickly fragile agreements can collapse and disrupt global energy security.