Iran Strikes US Bases Across Six Gulf States as Brent Hits $91

Iran fired ballistic missiles at US bases across Saudi Arabia, Jordan, Bahrain, Qatar, Oman, and Kuwait July 16–18, per ISW and CBS News. The US completed its 11th consecutive night of strikes on Iran. Houthi threats forced oil tankers to U-turn in the Strait of Hormuz. Brent crude closed near $91, Bloomberg reported. Chokepoint disruption — not sentiment — is driving the risk premium.