Tehran in an 'existential war' as US launches new wave of strikes on Iran

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A US Navy fighter jet aboard the top deck of the USS George H.W. Bush in the Arabian Sea, published July 15, 2026; illustrative.
A US Navy fighter jet aboard the top deck of the USS George H.W. Bush in the Arabian Sea, published July 15, 2026; illustrative.
(photo credit: X/CENTCOM)

The US struck Iran's coastal defenses and missile sites on Wednesday after reimposing a naval blockade of its ports, while Iran threatened to shut off more regional energy exports, saying it was engaged in an "existential war" with America.

The latest escalation comes days after a fragile truce collapsed, raising the specter of a return to full-scale war, though analysts generally see that as less likely.

Hostilities have intensified since Iran said late on Saturday it had closed the Strait of Hormuz. Military operations are also keeping ships from transiting the vital artery, which carried about a fifth of global oil and gas shipments before the war. Brent crude oil, the international benchmark, closed at a one-month high at $84.95 a barrel on Wednesday.

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