US-Iran war news LIVE: Oil prices continue to rise as Iran attacks ‘hostile targets’ in Strait of Hormuz

US-Iran war news LIVE: Oil continues to extend gains as Iran attacks targets in Hormuz

US-Iran war news LIVE: Oil prices extended gains on reports that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. West Texas Intermediate () rose above $78 a barrel after surging almost three per cent in the previous session, while Brent settled around $82. The attacks on “hostile targets” took place on Thursday night (local time) after explosions were reported near Qeshm Island in Hormuz, Fars news agency reported. has erased most of the declines from earlier in the week as optimism over a full resumption of the Strait of Hormuz evaporated. According to reports, under the proposed Iran-Oman agreement, Tehran intends to ban Israeli ships from the Strait and seek compensation from hostile countries to use it.

Saudi military says Houthi attack left 11 civilians injured

Saudi military on Thursday said that more than 10 civilians, including a four-year-old, were left injured in the country following a series of attacks by Yemen’s rebels. The attacks took place in the southern region of Najran near the Yemeni border and came hours after the Iran-backed rebel group claimed responsibility for another series of strikes in central and eastern Yemen that killed at least 30 government troops and wounded at least 50 others. The back-to-back attacks mark the latest major escalation since a truce in Yemen in April 2022 halted major fighting between Houthis and a Saudi-led coalition, which backs the internationally recognized government.

Iranian President says ‘people didn’t feel the war at all’

Iranian President Masoud on Thursday (local time) said coordinated governance, effective crisis management, and cooperation from neighbouring countries helped the Islamic Republic withstand the ongoing West Asia conflict, asserting that ordinary citizens “didn’t feel the war” despite attacks on key infrastructure. In a televised address, he credited government agencies, provincial administrations, and cabinet coordination for maintaining normalcy during the conflict. He said, “The people didn’t feel the war at all; they only realised something had happened when they were struck somewhere or saw the images on television. This situation was shaped thanks to our managers, governors, county governors, and the coordination of our ministers.”

Trump says ‘war’s got to end pretty soon’

US President on Thursday (local time) expressed confidence that the US-Iran conflict would end “pretty soon” and said that he believes Tehran “can’t go much longer.” He also voiced optimism over ongoing negotiations related to the Strait of Hormuz while reaffirming the commitment to prevent Iran from possessing a . Speaking to reporters at the Oval Office, Trump said, “When I started the very important excursion into the Islamic Republic of Iran, it was a very important excursion because they can’t have a nuclear weapon; otherwise the whole world would get blown up. We’re not gonna let that happen. Not only us, not only the Middle East, but the whole world would have been… It would have been catastrophic. We had no choice… We will see those days pretty soon again, based on everything I see, as soon as the war ends. And I think the war’s got to end pretty soon. I don’t think they can go much longer.”

Key Events

07 Aug 2026, 06:06 AM IST

07 Aug 2026, 05:48 AM IST

07 Aug 2026, 05:48 AM IST

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7 Aug 2026, 06:21:06 AM IST

US-Iran war news LIVE: Gold remains steady as traders assess impact of Hormuz flare-up on rates

Gold moved in a narrow range as traders assessed the impact of a reported Iranian attack in the Strait of Hormuz on the Federal Reserve’s path for interest rates.

Bullion was trading around $4,245 an ounce, after ending the previous session down 0.2%.

7 Aug 2026, 06:06:00 AM IST

US-Iran war news LIVE: Trump says ‘war’s got to end pretty soon’

US President Donald Trump on Thursday (local time) expressed confidence that the US-Iran conflict would end “pretty soon” and said that he believes Tehran “can’t go much longer.” He also voiced optimism over ongoing negotiations related to the Strait of Hormuz while reaffirming the commitment to prevent Iran from possessing a nuclear weapon.

7 Aug 2026, 05:48:34 AM IST

US-Iran war news LIVE: Iranian President says ‘people didn’t feel the war at all’

Iranian President Masoud Pezeshkian on Thursday (local time) said coordinated governance, effective crisis management, and cooperation from neighbouring countries helped the Islamic Republic withstand the ongoing West Asia conflict, asserting that ordinary citizens “didn’t feel the war” despite attacks on key infrastructure. In a televised address, he credited government agencies, provincial administrations, and cabinet coordination for maintaining normalcy during the conflict.

7 Aug 2026, 05:48:34 AM IST

US-Iran war news LIVE: Saudi military says Houthi attack left 11 civilians injured

Saudi military on Thursday said that more than 10 civilians, including a four-year-old, were left injured in the country following a series of attacks by Yemen’s Houthi rebels. The attacks occurred in the southern region of Najran near the Yemeni border and came hours after the Iran-backed rebel group claimed responsibility for another series of strikes in central and eastern Yemen that killed at least 30 government troops and wounded at least 50 others.

7 Aug 2026, 05:48:34 AM IST

US-Iran war news LIVE: Oil extend gains as Iran attacks ‘hostile targets’ in Strait of Hormuz

Oil prices extended gains on reports that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. West Texas Intermediate (WTI) rose above $78 a barrel after surging almost three per cent in the previous session, while Brent settled around $82. The attacks on “hostile targets” took place on Thursday night (local time) after explosions were reported near Qeshm Island in Hormuz, Fars news agency reported.

About the Author

Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.<br><br>

Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.<br><br>

At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.<br><br>

She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.<br><br>

Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.

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US-Iran war news LIVE: Oil prices continue to rise as Iran attacks ‘hostile targets’ in Strait of Hormuz

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US-Iran war news LIVE: Oil prices continue to rise as Iran attacks ‘hostile targets’ in Strait of Hormuz

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