Iranian state TV, citing the Iranian military, said Iran struck U.S. military assets and fuel tanks in Bahrain.

University of Michigan consumer sentiment rose to 54.4 in July, the highest since February, versus a June final of 49.5 and economists’ forecast of 51.0. The survey ran June 23–July 13; more than 70% of interviews were completed before last week’s breakdown of a U.S.-Iran ceasefire that pushed oil to a one-month high and lifted gasoline prices. The survey director Joanne Xu said the July gain was broad-based across age, income, wealth and political affiliation, but consumers remain downbeat on the outlook—sentiment is 12% lower than a year ago—and the confidence upswing may not persist if gasoline prices resume rising.

Iran said early on the 18th local time that an Islamic Revolutionary Guard Corps naval air-defense system shot down a US MQ-9 drone.