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US-Iran War: US Strikes Iran for Seventh Night as Tehran Hits Kuwait, Oil Prices Surge

As of July 18, 2026, US forces have struck Iran for a seventh straight night while Tehran retaliated against American allies, hitting Kuwait's power and water infrastructure and targeting Jordan, Bahrain, Qatar and Iraq. The Strait of Hormuz, gateway for roughly a fifth of the world's oil, sits at the centre of the crisis.

Abhijit Chowdhury•Jul 18, 2026•8 min read

US-Iran War: US Strikes Iran for Seventh Night as Tehran Hits Kuwait, Oil Prices Surge

Business

Rupee Hits Record Low of 96 vs Dollar as Hormuz Crisis Sends Crude Prices Soaring

The rupee slid past 96 per dollar as Brent crude jumped on Strait of Hormuz tensions, forcing the RBI to step into the forex market. The episode exposes how dependent India's currency remains on the price of oil it must import.

Abhijit Chowdhury•Jul 18, 2026•5 min read

Rupee Hits Record Low of 96 vs Dollar as Hormuz Crisis Sends Crude Prices Soaring

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