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Thursday, July 23, 2026

The Iran war situation report. - Part 92

Initially, there was only a blockage of the red sea but this had escalated to real attacks because some shippers were ignoring the Houthis' threats.

Then, Trump vowed to punish Iran for the Houthi attacks but this would only cause a stronger Iran response.


Both the Houthi attacks and Trump's threat have pushed the crude oil above $100 (see below) now.

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