Iran Strikes Tankers Under US Air Escort as Trump Gathers Cabinet at Camp David – Oil Hits $90 [wiVgNE6H8P0]

Iran just struck two oil tankers under US air escort. Trump is at Camp David with his cabinet. Oil is at $90. Here's what's happening and what it means for your wallet. What happened today (July 31, 2026): Iran's Revolutionary Guards struck two oil tankers attempting to pass through the Strait of Hormuz under US military "air escort" Four other tankers turned back after receiving Iranian warnings Iran's PGSA says the Strait of Hormuz remains "completely closed" Trump convened his cabinet at Camp David to discuss the stalling war The war has now dragged on for five months – Trump promised it would last weeks Only 28% of Americans approve of Trump's handling of the war The Senate narrowly rejected a war powers resolution 49-50 Saudi Arabia formed a maritime defense alliance of 14 regional countries Egypt was struck for the first time – a drone hit a Mediterranean port Kuwait said an Iranian strike hit a Chinese company building, killing one worker Jordan intercepted Iranian missiles for a second day Iran's IRGC confirmed it destroyed three F-35 jets at Jordan's al-Azraq base Pakistan insists negotiations are "ongoing" between the US and Iran The US carried out a "heavy wave of strikes" on Iran Oil pushed past $90 a barrel Oil is on track for its biggest monthly gain since March – up over 23% in July What this means for your wallet: Oil is at $90 – your gas bill is going up The war is expanding to new countries Energy companies are posting record profits #Iran #US #OilPrices #StraitOfHormuz #Trump #Geopolitics #BreakingNews