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KKR Blackstone Kuwait Oil Lease

Kuwait Petroleum and Kuwait Oil signed a $16 billion pipeline lease agreement with investors Blackstone, Brookfield, and KKR following President Trump's reversal of the Strait of Hormuz tariff plan.

U.S., Iran escalate strikes in Gulf as Israel bombs Lebanon

Illustration accompanying article: U.S., Iran escalate strikes in Gulf as Israel bombs Lebanon
  • The United States and Iran escalated military strikes Saturday as the Strait of Hormuz remained closed, with U.S. Central Command saying it targeted Iranian military infrastructure and Iran retaliating against American allies in the Gulf.
  • U.S. Central Command said it struck surveillance sites, logistics hubs, underground weapons storage and maritime capabilities using fighter aircraft, drones and warships, while continuing to enforce a naval blockade against Iranian ports.
  • Iran struck Kuwait, damaging a water desalination plant that provides 90% of the country's drinking water, and an oil facility that caused injuries and "severe material losses," according to Kuwait's petroleum corporation.
  • Israel intensified its bombardment of Lebanon, hitting Nabatieh and the Tyre district, as Lebanese President Joseph Aoun traveled to Washington for a scheduled Tuesday meeting with President Donald Trump.
 2026-07-18 · 3 MIN READ