Tugboat Daily Brief - Iran-Israel Conflict - 2026-09-18
On the two-hundredth day of the Iran-Israel conflict, US drones engaged Iranian interceptors in the Strait of Hormuz while Washington declared the first phase of its kinetic campaign complete. Despite a drop in Brent crude prices, gold reached record highs and government procurement levels remained elevated, indicating persistent logistical strain and a fragile stabilization in global markets.
Key Developments
US drones engaged Iranian interceptors in the Strait of Hormuz as the US declared the first phase of its kinetic campaign complete.
The IRGC intercepted multiple US drones, signaling a…
The skinny
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