Saturday, July 18, 2026

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BUSINESS ·EUROPEAN UNION ·July 18, 2026

Lagarde says Iran monitors "maritime capabilities"

“surveillance sites, military logistics infrastructure, underground weapons storage and maritime capabilities”
Christine Lagarde, President
✦ Summary · July 18, 2026 AI-written summary of the news — not a direct quote

The United States and Iran have engaged in military actions for a seventh consecutive night, with the conflict escalating around the Strait of Hormuz. The US Central Command reported striking Iranian targets including surveillance posts, military supply hubs, underground weapon caches, and naval assets. Simultaneously, Iran issued a stern warning to the US, stating that American military vessels are being closely monitored and that ships should avoid the strait, which Iran had previously restricted to shipping. This exchange follows the breakdown of a ceasefire and peace talks, with reports indicating casualties on both sides, including dozens killed and hundreds injured in Iran, and additional US service members wounded.

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