Middle East live: US launches new strikes on Iran as oil prices skyrocket

Live Issued on: 24/07/2026 - 04:37 The US military launched attacks on Iranian targets on July 22, 2026. © Centcom via AFP The United States launched a new series of strikes in Iran on Friday, while Iran-backed Houthi rebels opened a second front in the conflict, attacking Saudi tankers in the Red Sea and sending oil prices skyrocketing. Follow our liveblog for the latest developments. Yesterday's key developments: • US President Donald Trump said the United States would hold Iran responsible for attacks on Saudi oil tankers in the Red Sea by Houthi rebels, which sent oil prices soaring. • The US House narrowly passed a resolution to halt US military action in Iran, sending a warning to President Trump for the second time as the future of the conflict remains uncertain and has already cost the US $37.5 billion. • Trump set a new condition to a US-Saudi nuclear deal signed the previous day by insisting the agreement was "totally subject to" the Gulf kingdom joining the Abraham Accords and normalising relations with Israel. Keywords for this article