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The Economic Times

Economy / The Economic Times

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Saudi downs drones fired by Iran-backed militias in Iraq amid US-Tehran lull

Saudi Arabia intercepted drones launched by Iran-backed militias in Iraq. Mediators are pushing to revive diplomacy and restore an interim ceasefire arrangement. Commercial traffic through the Strait of Hormuz has fallen to its lowest level. Concerns have spread to the Bab al-Mandeb Strait after Houthi rebel threats. Diplomatic efforts continue as major disagreements over Iran's nuclear program remain unresolved.

27 Jul 2026 7:17 pm