AFBytes Quarter Rundown — Thursday, July 9, 1:00 PM ET

Here's what's been making headlines today — the last 24 hours, in a nutshell. The United States reportedly conducted strikes on Iran. President Trump stated that the Iranian regime is out of control. Direct U.S. military action against Iran raises risks of broader conflict that could disrupt oil markets and draw additional U.S. forces into the region. Iran launched attacks on US positions in the Gulf region. Kuwait intercepted multiple missiles and drones and reported one injury. Regional air-raid sirens were activated during the exchanges. Direct strikes on US assets in the Gulf raise risks to global energy supply routes and could increase fuel costs for American drivers and manufacturers. U.S. forces launched fresh airstrikes against Iran early Thursday. Tehran responded by striking targets in U.S.-allied countries. The interim peace arrangement has collapsed into direct exchanges of fire. Escalation raises risks to global energy supplies and shipping routes that directly influence U.S. gasoline prices and household energy costs. Washington currently directs the campaign against Iran. Israeli officials are preparing contingency plans in case Iran broadens attacks to include Israeli targets. Direct involvement of U.S. forces in strikes on Iran raises risks of wider regional conflict that could affect energy prices and U.S. military commitments. The U.S. launched new air strikes against Iran, prompting Tehran to target U.S.-allied countries and strain the interim peace. Iranian strikes on U.S. allies increase risks to regional bases and energy infrastructure used by global markets. That's the day from where we sit — thanks for spending part of it with us. Stay with us at AFBytes for what's next.