US Iran Strait of Hormuz tensions
The United States and Iran have engaged in escalating tensions surrounding the Strait of Hormuz, involving demands for its reopening, potential deals on navigation, and military actions. The conflict has seen exchanges of fire and strikes on targets, with regional and international actors attempting mediation.
COVERAGE BY DAY
TIMELINE
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04 SEP
FRI
US and Iran exchange fire
Retired Vice Admiral Kevin Donegan discussed recent escalations between the US and Iran. The US military announced the completion of an operation to clear mines from the Strait of Hormuz, reopening a critical shipping lane. Donegan noted changes in tactics and response.
C2
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02 SEP
WED
US Iran conflict affects oil prices and bond yields
US bond yields have risen to fresh highs, with the 30-year yield nearing 5.30% as unresolved issues with Iran push crude prices higher. Some Federal Reserve officials signal readiness to vote for rate hikes. Global bond markets experienced a sell-off and oil prices rose following new strikes between the US and Iran.
L1·C1
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Iran launches missile and drone attacks
Iran launched missile and drone attacks targeting Jordan and Kuwait. The US military stated its own strikes were a response to Iranian attacks on US troops and commercial shipping. Jordan reported that 10 of 13 Iranian missiles were intercepted.
L2
