US and Iran Exchange Fire, Breaking a Lull in Fighting
- On Sunday, American forces struck Iranian rocket launchers along the Strait of Hormuz, ending a month-long lull in fighting. Central Command described the operation as a limited attack to prevent the Islamic Revolutionary Guard Corps from mining the waterway.
- The strike occurred as the conflict entered its seventh month, with officials aiming to protect commercial shipping. "In essence, Iran created the threat and the U.S. military eliminated it to protect civilian mariners, commercial shipping, and the free flow of global commerce," CENTCOM said.
- Tehran retaliated by launching missiles toward American bases in Jordan, while the United Arab Emirates reported intercepting drones over its territorial waters on Monday. Iran described the U.S. action as a "deadly act of aggression."
- Treasury Secretary Scott Bessent plans to discuss increased cooperation against Iran at G20 meetings in Asheville, North Carolina, as Trump's administration prioritizes economic pressure. Bessent indicated he would address potential sanctions against Beijing, stating "all options are on the table."
- Speaking to Fox News Channel's Sunday Night, Trump suggested a diplomatic solution isn't necessary as peace talks stall. "They're a failing nation right now, and at the right point, we'll either win, or they will do something," the president said.
31 Articles
31 Articles
Watch Investors Assess Warsh's Remarks; US, Iran Exchange Attacks | Bloomberg Brief 8/31/26
US equity futures waver as markets digest Fed Chair Warsh's Jackson Hole speech. Oil jumps as the US and Iran exchange strikes for the first time in about a month. G-20 finance ministers and central bank governors gather in North Carolina for a multiday summit. George Goncalves of MUFG sees softer jobs report before the Fed's next policy meeting.
The US is turning the tide of warfare: after dropping bombs, they are now trying to force Iran to its knees with economic sanctions. Editor Irith Fuks expects…
Report: U.S. Shifts from Military Strikes to Economic Warfare Against Iran
The U.S. is not expected to launch new military attacks on Iran and will instead focus on economic warfare, according to a report by The Cradle. The report, citing unnamed officials, states that the shift in strategy comes after recent exchanges and aims to pressure Tehran through sanctions and financial measures. Officials said the decision reflects […]
Chinese government spokesman warns that "sanctions lead to escalation," while Tehran says economic warfare will lead to "further US defeat" By The Cradle News Desk, August 24, 2026 The Chinese government warned in a statement on August 24 against the massive economic warfare and comprehensive sanctions campaign Washington is preparing against Iran, vowing to "protect its legitimate rights" as an ally of Tehran and warning that "escalation serves…
A member of the National Security Committee of the Parliament says that sanctions and economic pressure can be harmful, but they do not necessarily achieve Trump's desires.
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