By CUI HAIPEI in Dubai, UAE, and JAN YUMUL in Hong Kong |

China Daily |

Vehicles wait in traffic near a heavily damaged bridge that was hit by a US strike along the road connecting Roudan and Bandar Abbas in southern Iran on July 18, 2026. [Photo/Agencies]

Escalating tit-for-tat strikes have pushed the United States and Iran further into conflict as the US carried out its latest round of raids on Monday, while Iran targeted US assets across the Gulf.

Even amid continuing mediation efforts, a maritime blockade of Saudi Arabia's ports declared by Yemen's Houthi militants has stoked fresh risks to global energy supply chains.