Tugboat Daily Brief - Iran-Israel Conflict - 2026-07-08
The United States launched direct airstrikes on Iranian air defense infrastructure near the Strait of Hormuz, marking a shift from proxy skirmishes to state-on-state confrontation. This escalation triggered a six percent surge in oil prices and heightened investor uncertainty as Tehran responded with drone and missile attacks on commercial vessels.
Key Developments
US fighter jets struck Iranian air defense infrastructure near the Strait of Hormuz, marking a shift to direct state-on-state confrontation.
Iran launched drones and missiles against three ships in the Strait of Hormuz in response…
The skinny
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