🌐 Geopolitical🌐 Global
US and Iran Exchange Strikes for Fifth Day Running, But a Deal May Still Be Possible
NYT > World News·Thursday, 16 July 2026
The US and Iran have traded strikes for five consecutive days, with the US conducting 90-minute airstrikes on Greater Tunb Island in the Strait of Hormuz to degrade Iran's ability to attack commercial shipping. President Trump has not decided whether to 'finish off' Iran. A top Iranian official left the door open for negotiations, saying, 'We must fear neither war nor negotiations.'
Why It Matters
The Strait of Hormuz is one of the world's most critical oil chokepoints — a prolonged conflict there directly affects global oil prices and India's energy costs.
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