U.S. Hits Southern Iran as Oil Tops $100 and Trump Predicts War Will End in November
Updated
Updated · Democracy Now! · Sep 10
U.S. Hits Southern Iran as Oil Tops $100 and Trump Predicts War Will End in November
3 articles · Updated · Democracy Now! · Sep 10
Summary
Several explosions hit southern Iran’s coastal areas early Thursday, with Iranian media describing them as apparent U.S. strikes in the latest escalation of the conflict.
The attacks followed an IRGC warning that Iran would target oil tankers in Kuwait and Bahrain after earlier U.S. strikes disabled or destroyed several Iranian-linked vessels.
CBS also reported Iranian strikes on Wednesday damaged several U.S. fighter jets at a Jordanian military base, underscoring the widening military fallout.
Oil has surged above $100 a barrel, and a Brown University project estimated the war-driven fuel spike has cost the average U.S. household more than $780 in extra spending.
Trump said the war would end after the November election because Iran "can't hold out any longer," while CNBC estimated his oil-stock holdings have gained as much as $4.4 million since the war began.
With oil surpassing $100, could the escalating Strait of Hormuz conflict trigger an unprecedented global supply chain collapse?
As military assets suffer damage, what hidden strategic moves might escalate this maritime clash into a broader regional war?
Beyond soaring pump prices, how will the massive disruption of diesel supplies quietly inflate the cost of your everyday groceries?
Strait of Hormuz Under Siege: The September 2026 U.S.-Iran War, Oil Market Collapse, and Global Fallout
Overview
In September 2026, the war between the U.S. and Iran reached a dangerous peak when the IRGC attacked U.S. Navy warships, prompting U.S. forces to destroy several Iranian oil tankers. This triggered a rapid escalation: Iran retaliated with missile strikes on a U.S. base in Jordan and attacks on U.S. destroyers and commercial vessels near the Strait of Hormuz. As a result, oil flows through the strait collapsed, global oil prices soared, and fuel shortages hit both Iran and the U.S. The conflict soon spilled into Yemen and Saudi Arabia, deepening the regional crisis and causing severe economic and humanitarian fallout.