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US Business · fortune.com · Monday, 13 July 2026

U.S.-Iran naval clash in Hormuz shatters cease‑fire illusion, threatens oil flow

In the past week the U.S. struck roughly 300 Iranian targets, including 140 in a single surge, after Tehran’s aggressive attacks on commercial ships. The fighting marks the biggest escalation since April and puts the fragile cease‑fire—and smooth oil transit through the strait—at risk.

Read the source: fortune.com ↗In the 13 July issue →