Missile exchanges between the US and Iran make the Strait of Hormuz the most dangerous war zone, with oil prices and geopolitical risks rising in tandem

智通财经2026/09/01 23:06

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The United States launched a new round of airstrikes against Islamic Revolutionary Guard targets in Iran on Tuesday, further escalating the conflict in the Middle East. According to US Central Command, the targets included air defense positions, radar systems, maritime facilities, mine-laying capabilities, and communication sites, in direct response to the Revolutionary Guard's recent attempts to attack commercial ships in the Strait of Hormuz and US military personnel. Iranian state broadcaster reported explosions on Qeshm Island, Abbas Port, Chabahar Port, and Jask, while state media stated that US forces also attacked a civilian airport in southern Iran's Jiroft.
US President Trump warned on social media that if Iran retaliates, "they will be hit again, harder and more intense." The spokesman for the Iranian Revolutionary Guard responded that the US "will regret its new attack." Iranian President Pezeshkian stated that if Washington fulfills the commitments in the June memorandum of understanding, Tehran will immediately take reciprocal action, but the memorandum has expired and no follow-up agreement has been reached.
This airstrike marks further escalation following both sides’ exchanges of fire over the weekend. After US forces struck Larak Island on Sunday, Iran launched missiles at a US base in Jordan. On Monday, two oil tankers were attacked upon leaving the Strait of Hormuz. Despite US Treasury Secretary Besant warning of new sanctions, Iranian officials remain tough. The Speaker of Iran's Parliament asserted, “If the enemy tries to stop us from exporting oil from the Persian Gulf, then no one will be able to export oil.”
The renewed tensions have raised concerns in markets over disruptions in supply from key global oil-producing regions. Brent crude futures rose nearly 5% on Tuesday to $95.16 per barrel, reaching a one-month high. PVM analysts commented, "The missile exchanges between the US and Iran confirm the views of those who believe that, even if this conflict is not an 'endless war,' it will be long-lasting." Shipping through the Strait of Hormuz remains at a low level, with only five vessels passing through on Monday, below the 10-day average of about 14 ships.

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