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U.S. and Iran Exchange Strikes as Administration Requests Emergency War Funding

The U.S. and Iran exchanged military strikes on Wednesday as the Trump administration requested new emergency funding from Congress for the $37.5 billion conflict.

Sourced from NPR
Published July 23, 2026 at 6:30 PM EDT
U.S. and Iran Exchange Strikes as Administration Requests Emergency War Funding

The Facts

Who
The Trump administration, U.S. Central Command, and the Iranian government.
What
Military strikes, retaliatory attacks, and a request for emergency war funding.
When
Wednesday, July 22, 2026
Where
Iran, the Red Sea, and Washington, D.C.
Why
Escalating military conflict in the Red Sea and Strait of Hormuz has led to increased military spending and rising global energy prices.

The U.S. military conducted an 11th consecutive night of airstrikes against Iranian infrastructure on Wednesday, targeting military operations centers, aircraft hangars, and drone storage facilities. U.S. Central Command stated the operations are intended to degrade Iranian control over the Strait of Hormuz. Iranian state media reported explosions across seven provinces, including a strike near an electrical installation at the Bushehr nuclear power plant. Simultaneously, Iran launched retaliatory strikes against U.S. military targets in the Gulf and Jordan.

In Washington, the Trump administration is requesting emergency funding from Congress for the ongoing conflict. Defense Secretary Pete Hegseth informed lawmakers on Tuesday that the military operations have cost $37.5 billion to date. President Trump stated via social media that further attacks on vessels in the Strait of Hormuz would result in U.S. strikes against Iranian civilian infrastructure, specifically mentioning bridges and power plants. Iran's state media responded that attacks on sensitive facilities would be considered a major escalation.

Global economic indicators reflected the rising tension, with global benchmark crude oil prices rising above $94 per barrel following an Iranian attack on a tanker. In Yemen, Houthi rebels declared a blockade of the Bab el-Mandeb strait against Saudi Arabian exports, prompting several tankers to divert their routes. Diplomatic efforts continued in Pakistan, where Iranian Interior Minister Eskander Momeni arrived for talks aimed at negotiating a potential ceasefire.

This story was rewritten from reporting at NPR. Read the original for full detail.

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