After nearly a month of quiet, the United States attacked Iranian targets, and Iran fired back at American positions around the region. CENTCOM explained on X.com that its attacks were intended to prevent Iran from mining the Strait of Hormuz.
🚫CLAIM: Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed in a recent statement that strikes by U.S. forces to prevent the IRGC from placing mines in the Strait of Hormuz were an “act of aggression.” This claim is absolutely FALSE.
✅FACT: U.S. forces took limited,… pic.twitter.com/XLx8xNTHto
— U.S. Central Command (@CENTCOM) August 31, 2026
In retaliation, Iran claimed it attacked American bases in Jordan and the UAE. AFP reports:
Iran’s Guards said the US strikes resulted in “casualties” and that their subsequent attack on Jordan was “in response to the US-Zionist aerial aggression”.
The Iranian foreign ministry condemned the US attacks on Larak and justified the Jordan strikes as “legitimate defence”.
“We are not seeking war, but we will deliver a decisive response to the aggressors,” added Iranian President Masoud Pezeshkian in a statement quoted by state TV.
Pezeshkian was speaking before travelling to Kyrgyzstan for a summit of a bloc that seeks to counter influence from the West, along with Russia’s President Vladimir Putin and China’s Xi Jinping.
The resumption of hostilities has driven the price of Brent crude oil up to over $90/barrel this morning in intraday trading.
Action Line: Uncertainty over future oil prices affects everything from monetary policy to elections to the family budget. Does your retirement plan factor in uncertainty? When you want to talk about the future and your investment portfolio, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
