U.S. Hits Iranian Targets for Second Time in 3 Days as Oil Jumps 4%
Updated
Updated · The New York Times · Sep 1
U.S. Hits Iranian Targets for Second Time in 3 Days as Oil Jumps 4%
3 articles · Updated · The New York Times · Sep 1
Summary
Iran’s Revolutionary Guards launched a counterattack within hours of a new U.S. wave of airstrikes, after President Donald Trump warned Tehran would be hit “much harder” if it retaliated.
U.S. officials said the strikes were retaliation for Iranian attacks a day earlier on oil tankers in the Strait of Hormuz and on U.S. military personnel in the region.
Several sites along Iran’s southern coast, including a military base, were hit and suffered significant damage, according to two Iranian officials.
Oil prices rose about 4% as the renewed exchange ended a monthlong lull and raised the risk of wider disruption to energy flows.
Treasury Secretary Scott Bessent said the EU, Britain and the UAE could join a U.S. effort to further squeeze Iran’s economy.