Follow updates on the war in the Middle East for Wednesday, July 15, here. See earlier developments below.
What to know about the Iran war:
- The U.S. restarted a blockade on Iranian ports Tuesday afternoon and launched dozens of additional strikes on Iran, marking the fourth consecutive night of attacks.
- President Trump said it will get "really bad" next week, with strikes on Iranian bridges and power plants, if Iran doesn't cut a deal.
- Mr. Trump said he "decided to replace" a planned 20% fee on cargo through the Strait of Hormuz with trade and investment deals from Gulf states, after shipping industry experts balked at the fee. Iran has not ruled out charging its own tolls for use of the Strait of Hormuz, and has threatened ships that sail through the waterway without its permission.
- The price of crude oil has shot up over the last two days as U.S.-Iran fighting resumes, including Iranian attacks on cargo ships.
