Reuters
People drive near a billboard depicting U.S. President Donald Trump on a building in Tehran. [Photo Credit: Reuters]
The U.S. launched new air strikes on Iranian targets on Tuesday, in a move that threatened to reignite the six-month-old conflict that has driven global energy prices higher and weighed heavily on President Donald Trump’s popularity at home.
The strikes followed a weekend exchange of fire — the first since July — and after two tankers were hit on Monday leaving the Strait of Hormuz, the global oil supply waterway that Iran has effectively closed to shipping. Brent crude futures , already up 2% on the day, jumped almost 2% more on the reports.
Tehran remained defiant, warning that it would prevent oil being exported from the Gulf, despite a threat by Trump to hit Iran “hard” in response to the renewed Iranian strikes, and a warning from U.S. Treasury Secretary Scott Bessent that Washington was about to impose new sanctions.
Trump has repeatedly vowed over the course of the conflict to unleash new attacks on Iran but has not always followed through. Bessent last week said he would significantly escalate economic sanctions against countries that do business with Iran, though Washington has not revealed specifics about that plan.
Neither threats of strikes nor new economic sanctions appear to have materially changed the position of Tehran, which has been under heavy economic sanctions for half a century.
Iran’s state broadcaster said there had been reports of explosions on Iran’s Qeshm Island, on the northern side of the strait.
The state-linked news agency Nour News said there had been reports of explosions in the port city of Bandar Abbas and in Chabahar, a port on the southern coast. The state news agency IRNA also reported the sound of explosions in Jask and Sirik, and state media said U.S. forces attacked a civilian airport in Jiroft in southern Iran.
Trump said on his social media channel that if Iran retaliated for the attack, “they will be hit again at a much harder and higher level.”
