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Tehran targets Bahrain and Kuwait after US strikes and limits Iran's oil sales over ship attacks
By JON GAMBRELL, Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar)
· July 8, 2026
· 1 min read
DUBAI, United Arab Emirates (AP) — The U.S. military attacked Iran early Wednesday after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic’s ability to openly sell crude oil in the world market. Iran retaliated with strike...
Key takeaway military attacked Iran early Wednesday after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic’s ability to openly sell crude oil in the world market.
Why this matters in The Odessa
The escalating tensions between the US and Iran have significant implications for the Permian Basin, given the region's crucial role in the global oil market. As the US limits Iran's ability to sell crude oil, the demand for oil from other sources, including the Permian Basin, is likely to increase. This could lead to an uptick in oil production and economic activity in the region, potentially benefiting local businesses and workers. However, the conflict also raises concerns about the stability of the global oil market and the potential for price volatility, which could have negative consequences for the local economy. As the situation unfolds, it will be important to monitor the impact on the Permian Basin's oil industry and the potential effects on the local community. The region's oil producers and related businesses will be closely watching the developments and adjusting their strategies accordingly.
About this story
Original reporting by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . The Odessa surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 8, 2026 ·
Source: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? DUBAI, United Arab Emirates (AP) — The U.S. military attacked Iran early Wednesday after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic’s ability to openly sell crude oil in the world market. Iran retaliated with strike...
When was this published? This article was first published on July 8, 2026 by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) and curated for The Odessa readers.
Who reported this story? This story was reported by JON GAMBRELL, Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Odessa, or browse our daily briefing and topic hubs .
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