Geopolitical Insights

Academy SITREP – U.S. Launches New Strikes on Iran

July 7, 2026
What Has Happened: This evening, the U.S. launched a “series of powerful strikes” on Iran in response to Iranian attacks on three commercial vessels in the Strait of Hormuz. The U.S. military is targeting air defenses, coastal surveillance sites, surface-to-air missile (SAM) sites, anti-ship cruise missile sites, drone launch sites, and port facilities. Because of Iran’s attacks, the U.S. also revoked a temporary sanctions waiver that had allowed for the sale of Iranian oil on the global market. Oil prices surged from around $69 to nearly $73, a nearly 6% increase, after weeks of relative calm in oil markets amid ... Academy SITREP – U.S. Launches New Strikes on Iran

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