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...

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

US-Saudi joint strikes on Iran-backed militias are a milestone in cooperation - analysis

US CENTCOM said that American forces and “the Saudi Arabian Armed Forces conducted precision strikes in Iraq, July 28, against Iran-aligned terrorists that the IRGC directed to attack US forces."

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...