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For the first time in a month, the US and Iran have exchanged strikes
The US struck Larak Island. Iran struck a US military base in Jordan and the UAE.
Transit through the Strait of Hormuz has dropped to five vessels per day, Al Jazeera reports.
Iran's Foreign Ministry reiterated that Iran will not reopen the Strait of Hormuz until its demands are met.
Bessent stated the US will impose sanctions on a weekly basis to pressure Iran.
Iran's Supreme Leader called for the Iranian economy to abandon the US dollar.
Trump is threatening to destroy Iran's oil hub on Kharg Island.
August 31, 2026 322
