BANGKOK — Shares were mostly lower in Asia and U.S. futures also declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. The Trump administration just
Konstantin Toropin, Cara Anna and Ben Finley Updated August 31, 2026 — 9:49am,first published 7:06am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA Washington: US forces struck Iranian rocket launchers on the Strait of Hormuz in the first military action in a month,
Larak Island is just offshore from the key port of Bandar Abbas and sits right on the Strait of Hormuz, a vital waterway for global shipping. Iran is currently making tanker traffic pass by this island for checking and reportedly forcing vessels to pay $2m (£1.5m) to cross. Hossein Mohebbi, the IRGC’s spokesman called the
U.S. forces struck Iranian rocket launchers on the Strait of Hormuz in the first military action in a month on Sunday, according to a U.S. official, breaking a lull in fighting during an intermittent war that has lasted more than six months. Forces with the Revolutionary Guard Corps were observed preparing to launch rockets with sea mines
