Bloomberg Surveillance · Thursday, July 16, 2026
The US has continued its strikes against Iran for the fifth day, targeting a sanctioned oil tanker heading towards KRG Island. Despite these actions, Tehran shows no signs of de-escalation, raising concerns about the potential for the conflict to expand beyond limited actions.
“This morning Escalation with a run.”
“The US striking Iran for a fifth consecutive day and hitting a sanctioned oil tanker sailing towards KRG Island, as Tehran shows no signs of backing down, the possibility, the potential that this could spread from limited action to a bigger use the president's word excursion, that this could be a return to revisiting the kind of things that we were talking about in March April time, which is seasing Kark Island.”
“The United States has undertaken a series of expanding and widespread attacks that are both degrading Iran's capability to attack shipping and to demonstrate to the Iranians that there is a material price to be paid for their lack of diplomatic engagement.”