Updated
Updated · Moneycontrol · Jul 12
US Projectiles Hit Qeshm Island With 10-11 Strikes as Trump Says 140 Iranian Targets Were Hit
Updated
Updated · Moneycontrol · Jul 12

US Projectiles Hit Qeshm Island With 10-11 Strikes as Trump Says 140 Iranian Targets Were Hit

3 articles · Updated · Moneycontrol · Jul 12

Summary

  • 10 to 11 projectiles hit Iran's Qeshm Island on Sunday, striking military targets with no casualties, according to Iranian state media and the island's governor.
  • The strike came hours after the US said it had attacked about 140 Iranian military sites — including missile, drone and naval facilities — in retaliation for Iranian attacks on commercial shipping in the Strait of Hormuz.
  • Qeshm sits on the northern edge of the Strait of Hormuz, the oil chokepoint that normally carries about one-fifth of global oil and LNG supplies and hosts Iranian naval and drone assets.
  • Iran then launched attacks across the Gulf, with Qatar reporting injuries and Bahrain, Kuwait, Jordan and Oman also reporting strikes or interception attempts.
  • Shipping companies now face severe uncertainty as Iran says commercial transit through the strait is not possible under its new security protocol, while CENTCOM says the lane remains open and US forces are ready to protect navigation.

Insights

With Iran's true leadership hidden, can any peace deal to reopen the Strait of Hormuz actually hold?
After devastating strikes on its bases, is America’s military dominance in the Middle East effectively over?
Is the battle for the Strait of Hormuz secretly a war against the U.S. dollar's global dominance?

Gulf Crisis Escalates: Over 300 US Strikes, Iranian Retaliation, and the Closure of the Strait of Hormuz Threaten Global Energy Security (July 2026)

Overview

Tensions in the Gulf region escalated rapidly after the US launched strikes on Iranian targets in response to an IRGC attack on a commercial ship in the Strait of Hormuz. The US aimed to degrade Iran’s ability to threaten maritime traffic, while Iran retaliated with missile and drone attacks on US bases and accused the US of violating a recent agreement on safe passage. This cycle of action and reaction has led to direct military engagement, disruption of vital shipping lanes, and heightened risks for regional stability and global energy markets, as both sides assert control over the strategic strait.

...