Skip to content
Back to Guavy Wire
Commodities

US-Saudi Strikes Hit Iran-Backed Groups in Iraq

Instruments
Oil
Share

The US and Saudi Arabia have jointly struck Iran-backed armed groups in Iraq, marking the first major US military action in the Middle East since President Donald Trump suspended a bombing campaign against Iran last week.

The strikes targeted several bases across Iraq, killing at least 20 members of the Popular Mobilization Forces (PMF), an Iran-backed paramilitary group incorporated into the Iraqi security forces. The PMF reported that 32 of its members were also wounded in the attacks.

Iraqi men shouted sectarian slogans and 'Death to America' as they carried the bodies of slain fighters out of a hospital in Mosul, footage from Iraq's al-Ahad television showed.

The US and Saudi Arabia claimed that the strikes were in retaliation for drone attacks on Saudi oil targets launched from Iraq. This marked the first time during the war that Saudi Arabia had publicly announced participating in strikes alongside the US.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc