Attacks Flare Between U.S. and Iran After Month-Long Pause

Active hostilities and direct exchanges of fire erupted between U.S. and Iranian forces in the Strait of Hormuz for the first time in a month, prompting Iranian retaliatory attacks against U.S. targets in the UAE, Jordan, and military positions, while U.S. strikes targeted Larak Island and the U.S. Treasury announced upcoming economic sanctions, alongside a surge in Brent oil prices above $90 following threats of further escalation.

• Brent oil prices rose above $90 per barrel.
• The U.S. and Iran exchanged fire for the first time in a month.
• U.S. and Iran engaged in direct attacks in the Strait of Hormuz.
• Iran retaliated against U.S. targets in the UAE and Jordan.
• This is the first exchange of fire between the U.S. and Iran since July 29.
• US forces targeted Iran’s Larak Island in the strait of Hormuz.
• The EU stated it will work with the US to maintain economic pressure against Iran.
• The US targeted two Iranian launchers on Larak Island in the Strait of Hormuz.
• Iran launched retaliatory attacks against Jordan and the UAE.
• US reported Iran preparing to launch sea mines into the Strait of Hormuz.
• Iran retaliated by hitting US military bases in Jordan.
• US Treasury announced upcoming economic sanctions on banks doing business with Iran.