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US, Israel Plan Major Iran Energy Strikes as Strait of Hormuz Remains Closed

August 1, 2026
05:51 AM
4 min read

Key Points

U.S. and Israel planning harshest bombing campaign yet against Iranian energy infrastructure, strikes possible this weekend.

President Trump has not given final approval; plans discussed at Friday Cabinet meeting but could change.

Strait of Hormuz nearly closed to shipping; crude oil surged past $90 per barrel.

Iran struck tankers and U.S. military bases in Kuwait and Bahrain; drone attack hit Egypt's port for first time.

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The United States and Israel are preparing what could be the harshest bombing campaign to date against Iranian energy infrastructure, with strikes possible as soon as this weekend, according to multiple U.S. officials. President Trump has not yet given final approval. The escalation follows Iran’s strikes on tankers in the Strait of Hormuz and drone attacks on U.S. military bases in Kuwait and Bahrain. Oil prices have climbed past $90 per barrel amid the closure of the critical shipping lane.

Trump weighs energy infrastructure targets

President Trump discussed the potential strikes during a Friday Cabinet meeting at Camp David but has not issued a final order, according to sources briefed on the discussions. The campaign would target power plants and refineries across Iran. U.S. Central Command has prepared plans for a two-week air campaign, but some officials believe a shorter, more severe strike could push Iran toward negotiations. Trump told reporters: “We’ll be hitting them very hard. At some point, they’re going to say, ‘We just can’t take it anymore.'” White House Press Secretary Karoline Leavitt said Trump vowed that “the United States will win, and Iran will not have a nuclear weapon under his watch.”

Strait of Hormuz nearly shut down

Iran has effectively closed the Strait of Hormuz to most shipping since the war resumed in early July. On Friday, Iran’s Islamic Revolutionary Guard Corps said it struck two tankers attempting to pass through the strait under U.S. military escort and claimed four other tankers “quickly changed course and returned to their previous positions.” The strait, which handles roughly one-third of global seaborne oil trade, has been virtually impassable for weeks. Crude oil prices pushed past $90 per barrel on Thursday after the latest U.S. strikes on Iran.

Iran expands attacks across the region

Iran’s military said Friday it launched drone strikes on U.S. military facilities in Kuwait and Bahrain, targeting aircraft shelters, communication systems, and power generators. The attacks followed a drone strike on Egypt’s port of Damietta that hit two ships and triggered a fire, marking the first direct attack on Egyptian soil since the war began in late February. Kuwait’s defense ministry said it shot down Iranian drones targeting vital facilities without casualties. The widening conflict has drawn in Egypt, Saudi Arabia, and other regional powers.

Israel’s role remains unclear amid diplomatic tensions

Israeli officials have been notified of the potential strikes and are coordinating with U.S. forces, but an Israeli official told CBS News: “Israel is unaware of a decision to restart full military operations, nor has it been requested of Israel to join any military actions against Iran.” Israeli Defense Minister Israel Katz previously stated: “We very much want to strike Iran’s energy targets, the U.S. is not approving it at this time.” There is no indication Israel would take part in a new wave of U.S. strikes on Iran. Some White House aides focused on politics were strongly opposed to the plan, according to sources.

Military readiness and global economic concerns

Senior military leaders have warned Trump that U.S. munitions stockpiles are running low, especially interceptors, though the White House and Pentagon have denied the reports. The Pentagon said defense companies are producing munitions “than ever before.” There was discussion about concluding the strikes before financial markets open Monday due to concern about how the bombings will affect the U.S. and global economy. Iran has threatened to retaliate against strikes on its energy sites by hitting Israeli targets and U.S. energy infrastructure in the Middle East, according to Iranian state media.

Final Thoughts

Trump’s weekend strike plans remain conditional on final approval and could shift if diplomatic progress emerges. The Strait of Hormuz closure and oil prices above $90 per barrel underscore the conflict’s mounting economic toll on U.S. consumers and global markets.

FAQs

Why is the Strait of Hormuz closed?

Iran has effectively blocked the strait since the U.S.-Iran war resumed in early July, striking tankers that attempt passage and demanding control over shipping routes.

How much has oil risen because of the Iran conflict?

Crude oil prices climbed past $90 per barrel on Thursday after the latest U.S. strikes, driven by the near-total closure of the Strait of Hormuz.

Has Trump approved the weekend strikes on Iran?

No. Trump discussed the strikes at a Friday Cabinet meeting but has not given final approval. Officials said the plans could still change.

Is Israel joining the U.S. strikes on Iran?

Unclear. Israeli officials have been notified and are coordinating with the U.S., but an Israeli official denied being asked to join military operations.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.

About Author

Author

Danny Kontos

Co Founder

Danny Kontos has been a stock investor since 2007 and co-founded Meyka in 2023. He keeps a small, focused portfolio and only moves when the numbers are hard to argue with. He has waited years on a single position before. Before Meyka, he ran a web hosting company and a mortgage lending platform, so he knows what a well-run business actually looks like under the hood. This article did not come from a news cycle. It came from someone who has been watching this space for a long time.

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