US-Iran Strikes Extend to 10th Day as Mediators Push Truce

Watch on YouTube ↗  |  July 21, 2026 at 12:06  |  1:26  |  Bloomberg Markets
Speakers
Tyler Kendall — Multimedia Editor, Bloomberg

Summary

US-Iran strikes continue as mediators push for a truce, while Iran-linked tanker attacks in the Strait of Hormuz and Houthi threats to Saudi Arabia's Red Sea shipments raise risks to global oil supply.

  • US and Iran exchanged strikes for a 10th consecutive day, with the US targeting Iranian military command sites.
  • Mediators are working to prevent further escalation, but the White House says strikes will continue.
  • Iran attacked a Kuwait-linked tanker in the Strait of Hormuz, maintaining leverage over the key waterway.
  • Houthi rebels threatened an immediate maritime blockade of Saudi Arabia, which is using pipelines to move oil via the Red Sea.
  • Saudi Arabia responded saying it will take all necessary measures to protect its ships.
  • Shipping data showed only about 10 vessels per day transiting, mostly using Iran-approved routes rather than the US-coordinated route near Oman.
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