Iran Conflict Widens

U.S. Central CommandCentral Commandtheater-level Unified Combatant Command of the U.S. Department of Defense responsible for the broader Middle East said it launched a series of strikes against Iran after three commercial vessels were attacked while transiting the Strait of Hormuz. Maritime authorities said one tanker caught fire near Oman after an unidentified projectile struck it less than 10 miles east of Limah. The Treasury Department revoked General License X, the waiver issued June 21 that had allowed Iranian oil sales, effective July 7, 2026. Oil prices rose after the attacks in a waterway that handles about 20% of global oil traffic.