U.S. forces conducted airstrikes on Iran for the seventh consecutive night; Iran struck U.S. unmanned surface vessels in Bahrain and warned that it has entered a phase of 'full-scale offensive and destruction.'

The U.S. military stated that it launched a new round of strikes against Iran on Friday afternoon, Eastern Time. On the same day, Iran’s armed forces claimed to have struck a U.S. naval vessel in the Indian Ocean using land-based cruise missiles and to have attacked and destroyed a U.S. unmanned surface vessel storage facility in Bahrain. Iran’s Supreme Leader’s military advisor stated that the U.S.-Iran memorandum of understanding has become effectively void. If the United States continues its attacks in the coming days, Iran’s armed forces will move beyond the current phase of 'deterrence and retaliation' into a phase of 'full-scale offensive and destruction.'

wallstreetcn06:54

Express News | Adviser to Iran's Supreme Leader: If U.S. military actions continue, Iran may shift to a full-scale offensive phase

Breakings03:13

Tensions in the Middle East continue to escalate, with U.S. forces conducting airstrikes on Iran for the sixth consecutive night, and Tehran launching missile strikes against Gulf allies.

The U.S.-Iran military conflict entered its sixth night, with both sides continuing to exchange attacks, causing a sudden escalation in spillover effects and posing a severe risk of disruption to global energy supply chains.

wallstreetcnJul 17 20:12

Domestic refined oil prices will increase effective midnight tonight.

The National Development and Reform Commission (NDRC) announced that since the domestic refined oil price adjustment on July 3, international crude oil prices have fluctuated upward. The average price over the 10 working days preceding this adjustment was higher than that of the previous 10 working days before the last adjustment. In light of movements in international oil prices, effective at 24:00 on July 17 (today), domestic gasoline and diesel (standard grades) prices will be raised by RMB 300 and RMB 290 per metric ton, respectively.

AASTOCKSJul 17 15:12

U.S. forces conducted airstrikes on Iran for the fifth consecutive night, shipping traffic through the Strait of Hormuz has fallen to one-tenth of pre-war levels, and the White House stated that Iran is still engaged in dialogue with the U.S.

Iran reiterated that it has no hostile relations with its Gulf neighbors and warned that the Strait of Hormuz is a 'red line,' stating that if the United States attacks Iran's critical infrastructure, it will retaliate against infrastructure across the entire Gulf region. Shipping agency data showed that only 13 commercial vessels passed through the strait on the 16th. The White House stated that Iran ultimately seeks an agreement with the United States. It was reported that Iran informed Yemen's Houthi forces that if the U.S. strikes Iran's power grid, the group should block the Bab el-Mandeb Strait.

wallstreetcnJul 17 05:27

Iran is reported to be planning to open a front at the Strait of Mandeb, with Houthi forces already deploying missile-equipped drones on standby.

According to three sources who spoke to Reuters on Thursday, Iran has asked Yemen's Houthi militants to prepare to shut down the Red Sea oil shipping route under specific conditions: if the United States attacks Iran's power infrastructure, the Houthis would take action at the Bab el-Mandeb Strait. This arrangement has been discussed within Iran's top leadership bodies and has already been communicated to the Houthi group.

Golden10 DataJul 16 21:00