Summer Said

Tankers loaded with Saudi oil do a U-turn after Houthi blockade threats, while Ukrainian attacks snarl pipeline operations.

The U.S. along with Arab states worry the conflict could spiral out of control If Israel joins the current round of fighting.

Read this exciting story from The Wall Street Journal July 22, 2026 issue. Israel is sitting it out as the conflict with Iran heats up again, a posture that suits the U.S., its Arab allies—and for now Israel itself.

Yemen’s Houthis also claim to have hit the kingdom’s energy infrastructure.

Mediators are using a lull in the fighting to patch together a quick fix to reopen the strait, hoping it paves the way for substantive talks.

Mediators see Iran’s position is a setback to efforts to revive U.S.-Iran peace deal.

If the multiphase process succeeds, Palestinian militant groups would lose power in Gaza, and Israel would withdraw from the enclave.

The prospects of a peace deal are narrowing as fighting between the two heats back up.

The president called off a planned attack late Saturday. Tehran has signaled openness to a new plan to open Strait of Hormuz, mediators said.

Talks to open the waterway were bogged down in a dispute over fees, clouding the outlook for the vital energy corridor.