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HIGH RISK July 24, 2026

US-Iran War Escalates to Night 13; Houthis Threaten Gulf Shipping; Tariff Barrage Hits 60 Nations

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The United States has completed its 13th consecutive night of military strikes against Iran, with President Trump threatening a 'massive' escalation as Iranian forces retaliate with attacks on Bahrain, Kuwait, and Jordan. Simultaneously, Iran-backed Houthi forces in Yemen are threatening Saudi vessels along critical Red Sea shipping lanes, raising fears of broader regional conflict and global economic disruption. The US has now spent an estimated $110 billion on the Iran conflict, with the Trump administration seeking an additional $67 billion from Congress.

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