US and Iran resume fighting after brief truce; Houthis strike Saudi tankers

Published Jul 30, 01:02 PM UTC

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The United States and Iran resumed military hostilities after an informal five-day truce collapsed. Iran attacked American bases in Jordan, prompting President Donald Trump to retaliate by bombing targets in southern Iran. Negotiations have stalled due to Iran's insistence on controlling shipping in the Strait of Hormuz, though Trump indicated willingness to continue talks. Meanwhile, the Houthis, an Iran-backed Yemeni militia, struck tankers linked to Saudi Arabia in the Red Sea. The price of Brent crude oil rose to around $90 per barrel, recovering from a drop to $84 on July 28th. The article, published in The Economist's August 1st 2026 edition, highlights ongoing instability in the Middle East and its impact on global energy markets.

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Original headline: Politics

Original language: EN

Part of this Story

Houthi Red Sea Attacks on Saudi Tankers Drive Oil Toward $100

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United States Iran Donald Trump Houthis Saudi Arabia Strait of Hormuz Red Sea Jordan