- US strikes on IRGC targets began on 1 September after a lull in fighting through most of August.
- Iran fired missiles and drones at US bases; AP reported one US strike hit a home hosting a wedding.
- Brent rose 4.6% to $94.65; India's Sensex and Nifty closed marginally lower.
The US military began striking Iranian Revolutionary Guard (IRGC) targets around the Strait of Hormuz on 1 September 2026, saying Iranian forces had attempted attacks on shipping and US troops. Iran responded with missiles and drones aimed at US bases. Iran's health minister said 18 people were killed and 108 injured in the US strikes. Brent crude, the global oil benchmark, rose $4.16, or 4.6%, to $94.65 a barrel.
India imports most of its crude oil, so a jump in prices raises its import bill and can push up fuel costs. Renewed fighting also raised the risk to Indian crews on ships near Hormuz.
Claim by claim
The US strikes followed attempted Iranian attacks on shipping in the Strait of Hormuz and on US troops.
Said by US Central CommandThis is the US military's stated reason, reported by Reuters; our sources contain no independent confirmation of the attempted attacks.
ReutersUS strikes killed 18 people and injured 108 in Iran.
Said by Iran's health ministerCasualty figures come from Iranian officials and could not be independently verified.
Reuters · Associated PressBrent crude settled up $4.16 a barrel at $94.65 on 1 September.
Reported by Reuters from market data.
ReutersWhat each side says
US Central Command said it struck IRGC targets after attempted attacks on commercial shipping and US troops, and President Trump warned of more strikes if Iran retaliated.
Reuters · Associated PressIran fired missiles and drones at US bases in response, and its health ministry reported civilian deaths, including at a home hosting a wedding, according to AP.
Reuters · Associated PressStep by step
US Central Command says strikes on IRGC targets have begun (GMT).
Iran retaliates against US bases; Iranian officials report casualties.
Not yet known
- ?How many of those killed in Iran were civilians.
Sources
3 outlets across the spectrum. Leanings are a rough guide to who reported it, not a verdict on accuracy.
- ReutersUS-Iran strikes raise fears of renewed war across the Middle East
- ReutersOil prices settle up more than $4 a barrel on renewed US-Iran fighting
- Associated PressUS military completes latest strikes against Iran, while Trump vows more for Tehran's retaliation
- ReutersUS military says it is striking targets in Iran
- The HinduMarkets end marginally lower amid higher oil prices, fresh U.S.-Iran tensions
Spasht writes original summaries. Follow the links to read each outlet's own report. Revision 1.
