US missiles hit Iran as path towards de-escalation uncertain

US forces have conducted missile strikes against Iranian military targets following the collapse of a truce, leading to heightened tensions in the region. President Trump has threatened further escalation while simultaneously keeping the possibility of diplomatic negotiations open.
Why it matters
The conflict threatens global energy stability and risks a wider military confrontation in the Middle East.
Trump has threatened to expand targets in Iran, though he said he had not yet made a decision for new major strikes.
This screen grab made on Jul 24, 2026, from handout footage released by the US Central Command (CENTCOM) on Jul 23, 2026, shows what it says is a precision strike by US forces against Iranian military capabilities. (Image: AFP/CENTCOM)
WASHINGTON: US missiles struck targets across Iran on Friday (Jul 24) and President Donald Trump vowed "major military punishment" for Tehran and its Houthi allies in Yemen, though he once again left open the door to a diplomatic deal with Iran.
Two weeks after the collapse of an interim truce meant to end the war, the Iranian armed forces responded by firing at US bases in neighbouring Arab countries and warning people there that they could strike non-military buildings used by US personnel.
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