Trump Authorizes Retaliatory Strikes Against Iran and Militias

President Donald Trump authorized military strikes against Iran and Iran-backed militias in Iraq in retaliation for attacks targeting American forces and a U.S. military base in Jordan. The operation resulted in the deaths of at least 20 fighters and six Iranian advisers.

United States Central Command executed the strikes, describing the operation as a powerful response to Iranian aggression. The Government of Saudi Arabia partnered with the U.S. in the strikes conducted against militias within Iraq.

This escalation of the U.S.-Iran conflict contributed to volatility in global oil markets. While Brent crude futures eventually declined to approximately $87.30 a barrel, retail fuel prices in India remained steady. As of July 30, 2026, petrol in Delhi was priced at ₹102.12 and diesel at ₹95.20, while rates in Mumbai, Bengaluru, and Kolkata remained above ₹110 per litre.