Tugboat Daily Brief - Iran-Israel Conflict - 2026-07-13
American fighter jets struck Iranian military infrastructure as Tehran declared the Strait of Hormuz closed and launched missiles at US bases in the Gulf. This escalation marks a shift from proxy warfare to direct state-on-state confrontation, triggering severe volatility in global energy markets and heightened defense procurement.
Key Developments
American fighter jets conducted three rounds of airstrikes against Iranian military infrastructure, marking a significant escalation in the conflict.
Iran declared the Strait of Hormuz closed and launched missiles at US bases in Kuwait, Jordan…
The skinny
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