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Iran retaliates against US strikes, fuel prices rise to $4 a gallon as conflict escalates
Photo: The Nightly
2026-07-20 18:11   Conflict   10

Iran retaliates against US strikes, fuel prices rise to $4 a gallon as conflict escalates

A cycle of escalating violence between Iran and the US has resulted in at least three American service members killed since hostilities resumed a week ago.

Iran's Islamic Revolutionary Guard Corps (IRGC) launched attacks on US military facilities at Kuwait's Ali Al-Salem Air Base and Bahrain's defense forces intercepted aerial threats.Two oil tankers were damaged in the Strait of Hormuz, a critical oil chokepoint.Fuel prices in the US surged to $4 a gallon, marking the second time since the war disrupted global oil supplies.Oil prices also hit $90 a barrel, the highest since June.President Donald Trump faces declining approval ratings, with just 29% of voters approving his handling of the conflict.The situation remains volatile, with fears of the war spiraling beyond its current scope.Iranian officials accuse the US of escalating tensions and vow to defend their sovereignty, while Trump seeks a way out of the costly conflict.The Strait of Hormuz remains a key flashpoint, with recent incidents highlighting the region's strategic importance.

Full reading at The Nightly

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