US and Saudi Forces Strike Iran-Backed Militias in Iraq: What It 2026

The US military and Saudi Arabia have launched joint strikes on Iran-backed militias in Iraq, marking a significant escalation in Middle East tensions. This coordinated action targets Tehran's proxies that have been attacking US forces and Saudi energy infrastructure, with oil prices already reacting to the news.

US and Saudi Joint Strikes on Iran-Backed Militias

On Wednesday, US Central Command (Centcom) confirmed that American and Saudi warplanes struck sites in Iraq used by Iran-backed militias. The strikes killed at least 20 members of Iraq's Popular Mobilisation Forces (PMF), a state security service that Iran has infiltrated. This operation follows a series of drone attacks on Saudi oil facilities, which Washington and Riyadh attribute to these militant groups.

The joint action came after Iran launched multiple ballistic missiles at US forces, including a base in Jordan, which were all intercepted. The US warned that any further attacks on American troops or Saudi energy infrastructure would trigger more retaliatory strikes.

Oil Market Reaction and Global Implications

The flare-up sent Brent crude oil prices rising to around $88 a barrel, reversing a recent decline. The weekend lull had led to plummeting oil prices and hopes for de-escalation, but the new strikes signal that the conflict is far from over. Iran's Revolutionary Guards also claimed to have struck three oil tankers in the Strait of Hormuz, a critical chokepoint for global oil shipments.

This escalation threatens to disrupt global energy supplies and could have far-reaching economic consequences. Investors and policymakers are closely monitoring the situation, as any prolonged conflict in the region could push oil prices significantly higher.

Comparison: Recent US-Iran Conflict Escalations

Key Takeaways from the US-Saudi Strikes

• Coordinated military action by the US and Saudi Arabia against Iran-backed militias in Iraq.
• At least 20 militants killed, with no US or Saudi casualties reported.
• Oil prices rose to $88 per barrel, reflecting heightened supply risks.
• Iran's Revolutionary Guards are actively targeting oil tankers in the Strait of Hormuz.
• The conflict remains volatile, with both sides showing no signs of backing down.

What This Means for the Region and Beyond

The US-Saudi strikes mark a new phase in the ongoing conflict with Iran. The Iraqi government has ordered an investigation into the militant attacks, but its ability to control Iran-backed groups is limited. The strikes also raise the risk of a broader regional war, with potential consequences for global security and energy markets.

For businesses and consumers, the immediate concern is oil price volatility. Higher energy costs could feed into inflation and slow economic growth. Diplomats continue to push for negotiations, but the latest actions suggest that military responses remain the primary tool for both sides.

FAQ