Skip to content
You can now search across every topic, entity and event.What's new
European Oil Markets
16JUL

140 US sorties, zero signed paper

3 min read
09:39UTC

CENTCOM flew its third strike wave in a week, hitting roughly 140 targets and taking the total past 300, then declared the Strait of Hormuz open even as Washington signed no new Iran instrument.

EconomicDeveloping
Key takeaway

Washington's Iran week ran to 140 sorties and zero signatures, its open-strait claim resting on statements.

CENTCOM (US Central Command), the US military command responsible for the Middle East, launched its third strike wave of the week within hours of Iran's closure declaration, hitting roughly 140 targets: missile batteries, air-defence sites, IRGC fast-attack boats and positions on Qeshm Island 1. The wave took the week's running total past 300, and CENTCOM called the strait open to all vessels seeking to lawfully transit the international waterway 2. Iranian Navy Lieutenant Hamidreza Dehghani was reported killed at Jask port, per Iranian state media 3.

Those figures and the open-strait line reached us through Al Jazeera and Iran International secondary readouts; CENTCOM's own release was unreachable 4. President Donald Trump, who days earlier had called the interim US-Iran agreement over , told Meet the Press the strait was open as far as he was concerned. Iran, firing missiles and posting a formal notice, calls the water shut; Washington, flying sorties and issuing a sentence, calls it open.

CENTCOM's third wave extends a cadence already run twice this week, 90 targets on 8 July and more than 80 on 7 July . The only signed US instrument on Iran across that whole sequence remains the Treasury's 7 July revocation of the oil waiver General License X, replaced by a wind-down-only General License X1 . A revocation withdraws relief; it does not create a new authority, so no War Powers Resolution clock attaches to this week's strikes and Congress gains no fresh signed record to grip.

Between 11 and 13 July Washington flew about 140 sorties and signed no new Iran instrument 5. The Federal Register carries no fresh Iran document, the Office of Foreign Assets Control (OFAC), Treasury's sanctions bureau, logged its last Iran action on 10 July, and The White House presidential-actions register stops at a 9 July aircraft-tariff proclamation 678. Allies and insurers reading for a durable US position on Hormuz have statements to plan against, not a signed framework.

Deep Analysis

In plain English

CENTCOM (US Central Command, the American military headquarters for the Middle East) launched its third major bombing run of the week, hitting about 140 targets just hours after Iran said it had shut the Strait of Hormuz, the narrow waterway ships use to move Gulf oil to the rest of the world. The targets included missile launchers and small attack boats belonging to the IRGC (Islamic Revolutionary Guard Corps, an elite branch of Iran's military). One Iranian naval officer, Lieutenant Hamidreza Dehghani, was reported killed in Jask, a town on Iran's south-east coast near the mouth of the strait. The US military says the strait remains open for ships that follow international law, directly contradicting Iran's closure claim. For now neither side can prove the other wrong, because commercial ships are staying away regardless of who is technically right.

Deep Analysis
Root Causes

Sustaining three strike waves in a single week depends on munitions already forward-positioned at Gulf and Indian Ocean bases such as Al Udeid and Diego Garcia; standoff missile stocks are not manufactured at wartime tempo, so a campaign at this pace draws down a finite pre-positioned inventory rather than an open production line.

Congress supplies a second, separate constraint only if it chooses to invoke one: because the campaign has proceeded without a formal war authorisation, there is no legislative mechanism forcing a pause, so the practical ceiling on strike tempo is munitions supply, not Congress.

First Reported In

Update #153 · Iran declares Hormuz closed; US says open

Gulf News· 13 Jul 2026
Read original
Different Perspectives
Indian refiners
Indian refiners
Indian refiners kept lifting discounted Urals as the India/Baltic price split widened past $9-10 a barrel, a gap that only grows as GL X1's Iranian wind-down cuts an alternative discounted grade off the market by 17 July. Cheaper Russian feedstock is being locked in while it lasts.
Chinese refiners
Chinese refiners
Chinese refiners gain leverage as the Urals-Brent discount widens, since Beijing's state buyers already source discounted Russian barrels near the fiscal floor unaffected by Western insurance costs. A wider discount, if it holds past 23 July, lets them lock in cheaper term contracts regardless of the cap's outcome.
US money managers (CFTC-tracked)
US money managers (CFTC-tracked)
Managed money trimmed WTI net length into the rally, positioning that reflects doubt the Hormuz premium survives without freight or war-risk confirmation. The Brent-WTI spread widening almost entirely on the Brent leg supports that scepticism about a broad-based repricing.
OPEC+ (Saudi-led subgroup)
OPEC+ (Saudi-led subgroup)
Saudi Arabia is defending market share through a fourth straight 188kbd August hike even as OPEC's own July MOMR cut 2026 demand growth for the fourth consecutive month. At a $108-111 fiscal breakeven, every added barrel costs Riyadh revenue it cannot recoup, so the hike reads as a positioning signal, not a demand bet.
Greek shipping registries
Greek shipping registries
Greece, backed by Cyprus and Malta, is pushing a three-month cap-freeze compromise against the Commission's freeze to January 2027 ahead of the 23 July vote. Athens' and Valletta's combined tanker registrations mean a shorter review gives their insurers more frequent chances to reprice risk on Russian cargoes.
Russia (Deputy PM Alexander Novak)
Russia (Deputy PM Alexander Novak)
Novak extended the diesel export restriction to producers on 8 July, the first producer-binding curb of the war, protecting the domestic pump price ahead of any refinery repair timeline. Urals still trades below Russia's $59 budget floor even as Brent gained, so the ban trades export revenue for fiscal stability at home.