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The War Is Back On: The US Military Is Making Iran Pay with New Strikes as Tehran Prepared to ‘Launch Rockets’

Pezeshkian said Tehran wants dialogue as oil prices rose more than 3.5% after U.S. strikes and Iranian retaliation resumed.

  • On Monday, President Masoud Pezeshkian stated Iran seeks a negotiated solution to its conflict with the United States, even as hostilities resumed Sunday for the first time since late July, driving oil prices up more than 3.5%.
  • U.S. forces struck two Iranian launchers on Larak Island on Sunday after Islamic Revolutionary Guard Corps forces were observed preparing to launch rockets with sea mines into the Strait of Hormuz, prompting Iran to retaliate by striking two U.S. bases in Jordan.
  • Hamid Bovard, chief executive of the National Iranian Oil Co, dismissed President Donald Trump's AI-generated video of Kharg Island destruction as "laughable," noting that the hub handles 90% of Iran's oil exports and operations remain calm.
  • Treasury Secretary Scott Bessent indicated new secondary sanctions against Iranian banks would likely be unveiled weekly, while the European Union announced Monday it would maintain economic pressure on Iran alongside the United States.
  • Speaking to Prime Minister Narendra Modi in Kyrgyzstan, Pezeshkian emphasized that continuing the war is in "no one's interest" and advocated for dialogue to prevent the further spread of regional insecurity and conflict.
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Iran is still seeking a negotiated solution to its conflict with the United States, President Masoud Pezeshkian said on Monday, one day after the two countries resumed hostilities for the first time since the end of July, leading to oil prices rising by more than 3.5%.

·Rio de Janeiro, Brazil
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Peace negotiations between Iran and the United States are hanging in the balance, and unrest in the Middle East is rising. Follow the latest developments in the region in our live blog.

·Amsterdam, Netherlands (Kingdom of the)
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Al-Shorouk broke the news in Egypt on Monday, August 31, 2026.
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