US and Iran exchange military strikes; oil prices surge

On August 31, 2026, the United States and Iran exchanged strikes for the first time in about a month, with American forces hitting Iranian rocket launchers and an island in the Strait of Hormuz, while Iran responded by firing missiles toward Jordan. Oil prices surged following the escalation.

3 reportsus_mainstream · primary

Claim audit

No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.

All coverage

Oil Gains as US and Iran Exchange Attacks

rss:bloomberg-marketsus_mainstream29d ago kagi ↗

The US and Iran exchanged strikes as American forces hit Iranian rocket launchers and Iran responded by firing missiles toward Jordan. Bloomberg's Onur Ant has the latest. (Source: Bloomberg)

Oil Rises As US and Iran Exchange Attacks | The Opening Trade 8/31/2026

rss:bloomberg-marketsus_mainstream29d ago kagi ↗

Brent oil jumped after the US and Iran exchanged strikes for the first time in about a month. American forces hit an island in the Strait of Hormuz and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stori