Iran Strikes Kuwait in Worst Attack Since June | Horizons Middle East & Africa 7/15/2026
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Global markets are navigating another volatile session as President Trump announced a reduction in the proposed Strait of Hormuz transit fee to 20%, even as the US-Iran truce collapsed and military attacks intensified. The US carried out another round of strikes against Iran, while Iranian forces targeted US assets in Jordan and launched what officials described as the most severe attacks on Kuwait since June. Trump warned that US forces could target Iran's power plants and bridges if Tehran refuses to return to nuclear negotiations. In energy and geopolitics, Washington backed a proposed Iraq-Syria oil pipeline aimed at reducing dependence on the Strait of Hormuz and weakening Iran's influence over regional energy flows. The US also confirmed plans to complete its military withdrawal from Iraq by the end of September, while Iran-backed Houthi forces launched a major attack on Saudi Arabia, adding to concerns over regional stability. Markets also reacted to encouraging US inflation dat
Tags: Abeer Abu Omar, Africa, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Donald Trump, Economy, Iran, Israel, Middle East, Mideast, Strait of Hormuz
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