US completes 12th straight night of strikes on Iran, oil trade threats deepen
US forces carried out a 12th straight night of strikes on Iran, CBS News reports, as threats to oil trade through the Strait of Hormuz deepen. Strikes have hit Iranian air-defense, radar, and missile sites since February. Each extra night raises odds of an incident hitting tanker
US forces have carried out a 12th consecutive night of strikes against Iran, CBS News reports, as threats to oil trade through the Strait of Hormuz continue to deepen. The strikes have targeted Iranian military command centers, air-defense and coastal surveillance sites, missile and drone launch capability, and communications networks. The current campaign is part of a wider conflict that began in February 2026, when President Trump announced "major combat operations" against Iran. Delegations from the US and Iran entered negotiations in June aimed at a war-ending deal based on a signed memorandum of understanding, but strikes have continued on both sides despite the talks. Each additional night the campaign runs raises the probability of an incident that directly disrupts tanker traffic through the Strait, a chokepoint that global energy markets are already pricing as fragile, keeping a persistent risk premium in oil prices tied to the region rather than to current supply. Source: CBS News.