The US struck rocket launchers on Iran’s Larak Island on August 30, 2026, prompting an immediate Iranian retaliation against American bases in Jordan. Eight missiles were intercepted by Jordanian defenses and no US casualties were reported. Brent crude surged more than 2% above $90 per barrel as markets feared a supply disruption through the Strait of Hormuz, through which roughly a fifth of the world’s oil passes. This escalation marks the first major military exchange between Washington and Tehran in over a month within a six-month-long conflict.
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