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The on-and-off Iran-related military conflict over the last six months has sent global oil markets into chaos, creating major political problems for leaders in the U.S. and elsewhere as gas prices have bounced up and down.

But China, according to multiple media reports this week, has found itself seemingly immune to all of this and has managed to gain the upper hand.

Ukrainian Strikes Russian Oil Refinery and Wildberries Hub Overnight: Ukraine launched another long-range drone attack deep inside Russia overnight into July 29, targeting energy infrastructure and logistics facilities, including more Wildberries logistics hubs. It forms part of a larger campaign against Russia’s industrial base, targeting warehouses and logistics facilities that Kyiv says are supporting Russian military operations.

US, Saudi Strikes Hit Iran-Backed Militias in Iraq: American and Saudi military forces have launched retaliatory strikes against Iran-backed militias in Iraq. CENTCOM stated that these US-Saudi airstrikes were in response to recent Iranian-backed militias in Iraq striking American bases and Saudi energy infrastructure.

Many experts assess that the war is just getting started, while many assumed that peace might be at hand as a lull in the fighting had appeared to take hold.

U.S. Air Force Staff Sgt.

The Houthi rebels are considering imposing fees on commercial ships sailing through the narrow Bab el-Mandeb Strait, whose name means “Gate of Tears” in Arabic, which links the southern Red Sea with the Gulf of Aden, a week after declaring a naval blockade on Saudi Arabia, regional sources told Reuters.

The Iranian-proxy group on July 20 declared a maritime embargo against Saudi Arabia and its ports, opening a new front against the U.S. and its allies in the Iran war and expanding attacks on tankers carrying global energy and other supplies to waters beyond the Gulf.

U.S. President Donald Trump issued an ominous warning to Iran after surprise attacks were launched against American forces in the Middle East, according to Fox News on Wednesday. The president reportedly threatened “beat the f***ing s***” out of Iran in response to the attack, which came just days after Washington concluded almost two weeks of nightly strikes against Iranian military targets.

Trump Issues Shocking Threat on Iran

President Donald Trump signs an Executive Order alongside Kid Rock in the Oval Office, Monday, March 31, 2025.

Whenever the current conflict between the United States and Iran ends, will the Strait of Hormuz return to its status quo?

Not if one political figure in Iran has anything to say about it.

241204-N-VW723-2064 PACIFIC OCEAN (Dec. 4, 2024) The Los Angeles-class fast-attack submarine USS Greeneville (SSN 772) transits the Pacific Ocean while supporting a distinguished visitor embark, Dec. 4, 2024. Greeneville is one of four Los Angeles-class fast-attack submarines assigned to Commander, Submarine Squadron 11.

The Ukrainian attacks on Russia’s industrial sites, including gas and oil refineries and another Wildberries warehouse, continued, with the latest attack claiming at least three lives in Russia and Crimea.

Ukrainian President Volodymyr Zelenskyy claimed his military struck several industrial sites in attacks overnight on Tuesday.

Neptune Missile. Image Credit: Government of Ukraine.

According to US Central Command, Iran’s Islamic Revolutionary Guard Corps (IRGC) initiated a wave of ballistic missile strikes from Iraq on Tuesday night. US regional defenses intercepted many of the attacks, with CENTCOM describing the IRGC missile attacks as an “attempted surprise attack.”

CENTCOM did not issue any further details.

The Army test fires a Patriot missile in a recent test.