"US and Iran trade strikes" is a confusing phrase. "Strikes" usually means military action. "Trade" means economics. The two don't mix well.
On July 7, 2026, the U.S. launched airstrikes at more than 80 Iranian military targets. These included air defense systems, radar sites, and over 60 Revolutionary Guard boats. Iran responded with missile and drone attacks on U.S. assets in Bahrain and Kuwait. These kinetic operations followed Iranian attacks on three commercial ships in the Strait of Hormuz. At the same time, the U.S. revoked a license that allowed Iran to sell oil. This revocation was the economic part of the event.
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