Iran Attacks US Bases; Fed Call & AI Earnings Loom | The Opening Trade 7/29/2026

Iran fired on American forces overnight and the US and Saudi Arabia struck Tehran-backed militias in Iraq, abruptly ending a days-long lull in hostilities. The US and Iran had paused attacks at the end of last week to give diplomacy another chance, leading to a significant drop in energy prices. US stocks edged higher as traders held off on major bets ahead of a US interest-rate decision where markets see room for a hike and earnings from two of the world’s biggest spenders on artificial int...

Jordan intercepts Iranian missiles as U.S., Saudi Arabia target militias in Iraq

Jordan intercepted missiles launched from Iran early Wednesday, hours after the U.S. military said it knocked down another Iranian barrage launched against American forces in the Middle East, ending a brief pause in fighting between Tehran and Washington.

UK looks to build naval coalition to secure shipping in Strait of Hormuz

US and Saudi forces said they struck an Iraqi militant alliance on July 29, as the Middle East war expands beyond its main focus in Iran to involve the Islamic republic's proxies. The strikes follow a short lull in direct US attacks on targets in Iran, with Tehran's allies in Yemen and beyond becoming increasingly drawn in. This comes as the UK is looking to build a naval coalition to secure the Strait of Hormuz. FRANCE 24's Angela Diffley tells us more.

By FRANCE24

Oil prices rise after U.S. and Saudi Arabia attack Iran-backed militias in Iraq

West Texas Intermediate and Brent crude’s front-month contracts climbed on Wednesday on the risk of more fighting.

By Nora Redmond

Iraqi PM Zaidi condemns US-Saudi strikes on Iran-backed militias

Iraqi Prime Minister Ali al-Zaidi's office denounced the strikes, stating that it is the Iraqi government’s responsibility to deal with security concerns originating within its borders.

Iran denies involvement in projectiles launched from Iraq toward Saudi Arabia

Military official rejects Saudi accusations after US-Saudi strikes on Iran-aligned targets in Iraq

By Anadolu Agency

Trump Vows To Hit Iran 'Hard' As Rare Joint US-Saudi Strikes Pound Iraq, Killing 20 Militants

Trump Vows To Hit Iran 'Hard' As Rare Joint US-Saudi Strikes Pound Iraq, Killing 20 Militants The few days of calm that persisted over last weekend since Friday are already a thing of the past, as tit-for-tat serious attacks between the US and Iran return, and now involving the Saudis and proxy militants in Iraq. The fresh flare-up started as we reported when in the overnight and early hours of Wednesday (local) Iran launched several missiles on a US base in Jordan, with the Jor...

By Tyler Durden

US-Saudi strikes on pro-Iran groups in Iraq reignite Mideast war

The U.S. and Saudi Arabia launched joint strikes on Iran-backed groups in Iraq Wednesday, marking the first U.S. airstrikes in the region since President Trump paused attacks on Ir...