Iran hostilities flare after US strike in strait of Hormuz; supertanker hits mines and catches fire – Middle East crisis live

US targets Iran’s Larak Island in first exchange of fire in more than a month, sparking reprisals against US forces in Jordan and UAE US strikes Iranian launchers in strait of Hormuz, prompting Iranian retaliatory attacks Welcome to our live coverage as hostilities between the US and Iran flared again for the first t

German 10-Year Bund Yield Hits 15-Year High on Fresh Middle East Escalation  WSJ

Iran's Revolutionary Guards said the tanker had been attempting to pass through the waterway illegally when it was struck by two mines and caught fire.

August 30, 2026 6:36 PM ET The United States resumed strikes on Iran Sunday after Iranian forces were observed preparing to mine the Strait of Hormuz.U.S. Central Command (CENTCOM) spokesperson and Navy Captain Tim Hawkins confirmed the strikes with The Daily Caller. Hawkins stated that members of the Iranian Revolutio

Following the airstrikes on Larak, US President Donald Trump posted an AI video to Truth Social, captioned "Kharg Island being blown to smithereens!!!"

The strike comes after weeks of ceasefire between the countries, sparking a new vow of retaliation from Tehran.

The U.S. military struck Iranian military targets to prevent the deployment of sea mines in the Strait of Hormuz, a U.S. official said. Why it matters: This is the first known U.S. strike in Iran since late July when President Trump paused a two-week U.S. military campaign in the Strait of Hormuz in late July. Drivin

“Notwithstanding the rise of alternative and green technologies over the past decade, the global economy is still very reliant on oil and gas."

Adm. Brad Cooper, head of U.S. Central Command, says the Strait of Hormuz is open again, six months into the war with Iran, but the shipping industry is skeptical. CBS News' Charlie D'Agata and Nana-Séntuo Bonsu have the latest.

GLOBAL BACKDROP · ENERGY & FREIGHT Key Facts —What happened: US Central Command said on 27 August it cleared all Iranian mines from the Strait of Hormuz shipping lanes. —How big the job: Underwater drones found over 100 suspected mines in recent months, and private contractors disposed of them. —Iran’s answer: Tehran a

Treasure Secretary Scott Bessent said oil pipelines will make Strait of Hormuz irrelevant in two years. Energy experts say that is unlikely to happen.