US-Israel-Iran War Latest News: Trump Says Iran ‘Shot First’ Amid Qeshm Island Comes Under Attack as Oil Prices Surge

Trump accuses Iran of starting the conflict as US strikes continue, oil prices rise, and tensions around the Strait of Hormuz intensify.

By: Amreen Ahmad
Last Updated: July 14, 2026 22:34:42 IST

US-Israel-Iran War Latest News: In the current standoff between the US, Israel and Iran, there is new tension being caused by President Trump of the United States, who says that Iran initiated the current escalation. The US president said that Iran “shot first” and that it was a “huge mistake” while reaffirming the operations of America’s military. This new wave of strikes and threats to regional security creates tension on the global energy market.

US-Israel-Iran War Latest News: Trump Defends US Military Response

Speaking to reporters, Trump stated that America gave Iran a chance for diplomacy before escalating into conflict. He further maintained that Iran was behind the last attack, leading to a strong reaction from the Americans moreover he stated that America had neutralized “almost all” of Iran’s military capabilities. This statement comes amid Washington’s focus on military deterrence and putting pressure on Tehran amidst one of the most critical security crises in the region in recent times.

US-Israel-Iran War Latest News: Strait of Hormuz Remains at the Centre

The Strait of Hormuz, which sees almost 20% of the daily oil consumption pass through, is an important point of contention. Trump seems to have backed off his previous plan of imposing a 20% toll fee for all commercial shipments traversing the strait after some Gulf nations supposedly promised greater investments in America. The President said that waterways must be free for all international vessels and that he would not support the imposition of fees.

US-Israel-Iran War Latest News: Fresh Attacks Raise Regional Tensions

It has been reported in state-affiliated Iranian media that Qeshm Island has come under attack from a missile fired by US troops while the armed forces of Kuwait have announced the interception of drones and missiles that were approaching the country’s airspace, thereby showing that the conflict is now also having implications for other nations surrounding the region.

US-Israel-Iran War Latest News: Oil Prices Jump as Supply Risks Grow

The global financial market reacted quickly due to the outbreak of the fighting and the price of the Brent crude oil went up by 5% to stand at $87 per barrel, following the previous rise by 9% during the early part of the week. It is attributed to slow movement of shipping via the Strait of Hormuz and possible disruptions of the supply chain. As the Middle East contributes nearly one-third of the world’s production of oil, prices may continue to rise.

US-Israel-Iran War Latest News: What’s Next in Ongoing War 

The recent events highlight just how fast military activities, politics and energy security have been entangled in the US-Israel-Iran conflict. Even though the United States claims its moves are defensive, the apparent attacks carried out by Iran and the increasing security concerns in the region indicate that the situation is still very uncertain. It will take diplomacy to ensure that nothing else goes wrong and the ramifications of the situation continue.

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Disclaimer: This article is based on publicly available reports and official statements. Claims from all sides remain subject to independent verification.

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