Trump has said that damages to ships and cargo in the Strait of Hormuz will be paid for with frozen Iranian assets

Jul 24, 2026

04:40 pm

What's the storyTensions between the United States and Iran have escalated, with both sides trading strikes on military facilities. Iran has launched drone attacks on US bases across the Middle East.

The strikes come after 13 consecutive nights of American attacks on Iran. In retaliation, Iran also targeted Kuwait and triggered air raid sirens in Bahrain and Jordan.