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EXPLAINED: 2 | Vintage Vibes

Oil up nearly 1% as US and Iran trade fresh strikes

Brent crude futures rose 87 cents, or 0.92%, to $95.52 a barrel by 0008 GMT, while U.S. West Texas Intermediate crude futures climbed 80 cents, or ‌0.89%, to $91.02. Both contracts ⁠soared ⁠more than $4 on Tuesday, marking Brent's largest gain since July 24 and WTI's largest since July 23.

The Economic Times

Iran says it killed ‘large number’ of US forces in Jordan; America says no casualties

Iran on Wednesday claimed its attacks on US forces in Jordan killed a “large number” of American personnel, a claim Washington rejected by reporting no casualties. The Islamic Revolutionary Guards also said it struck US bases in Erbil with missiles and drones, while Bahrain said its air defences intercepted Iranian…

The Economic Times

US and Iran exchange more airstrikes, fuelling fears of wider return to hostilities

Attacks on Iran’s Revolutionary Guard and reprisals against US bases in Middle East quash hopes that flare-up last weekend was limited in nature

The Guardian - US

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Bond Yields Rose And U.S.-Iran War Escalated Again. Stocks Fell.

Iran retaliated to U.S. attacks, saying they seek to "tighten the lock" on the Strait of Hormuz.

International Business Times

Iran warns US strikes will 'tighten the lock' on Strait of Hormuz

The Revolutionary Guard Corps of Iran issued a statement claiming that US military strikes would exacerbate conditions in the Strait of Hormuz. The US has verified its attacks on IRGC targets in Iran after a string of Iranian assaults on vessels and troops. In retaliation, Iran has initiated a military…

The Economic Times

Trump says US gave Iran many chances, dismisses value of any deal: Report

During a Fox News interview on September 1st, President Donald Trump remarked that Iran has squandered multiple opportunities for a meaningful agreement. He stated that any potential deal with the Iranian government is unlikely to be trustworthy or reliable, highlighting his strong opposition to ongoing negotiations and indicating a decisive…

The Economic Times

U.S. Strikes Iran Again In The Strait Of Hormuz. Tehran Vows 'Harsh Punishment.'

"Harsh punishment awaits the aggressors. The United States will regret its new attacks," an IRGC spokesman said.

International Business Times

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US launches new strikes in southern Iran, Tehran responds with attacks across region

The US military launched new waves of strikes on military installations along Iran's southern coast. Tehran responded immediately with missile and drone attacks in Jordan, Bahrain and Kuwait, sparking a new flare-up of hostilities and threats from both sides.

Euronews

'Very justified': Trump says US striking Iran targets, warns of ‘harder’ attacks

US President Donald Trump warned Iran of a much stronger American response if Tehran retaliates after the US military launched strikes on Iranian targets near the Strait of Hormuz.

The Times of India

War has shifted how power works in Iran

When Washington unveiled its economic “D-Day” on August 19, the latest tightening of the financial siege and the blockade around Iran’s ports, it believed it was applying decisive leverage. But in Tehran the move was read as something else entirely – as confirmation that the US still prefers pressure to…

The Conversation

Iran says it will return to June ceasefire deal if US does the same

Iran's President Pezeshkian made the offer at the SCO summit in Bishkek hours after Iran and the US exchanged fire over the weekend. IRGC's demands for control of Hormuz and war compensation remain conditions Washington is unlikely to accept.

Euronews

Sanctions and bombs won’t end the war in Iran. Trump is running out of options against an intractable foe

President Donald Trump has entangled the United States in a war of choice with Iran that he cannot easily win or quit.

The Conversation

Trump threatens further action as US and Iran exchange strikes for first time in weeks

Trump has vowed further escalation after Iran retaliated for US attacks on rocket launchers on Larak Island in the Strait of Hormuz

The Independent UK

Trump threatens further action as US and Iran exchange fire in new flare-up

Washington says it acted after observing Iran was planning to deploy fresh mines in strait of Hormuz

The Guardian - UK

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The Independent UK

Tehran mocks Trump’s ‘laughable’ claims after US president stated Iran is ‘dead’

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The Guardian - UK

First US military attacks on Iran in a month prompt retaliation

US attacks Iranian rocket launchers on island in strait of Hormuz and Tehran targets US bases in Jordan and UAE

The Guardian - AU

Trump says US will ‘hit Iran hard’ as hostilities resume – as it happened

Iran responded to an assault on its Larak Island by targeting US bases in Jordan

The Economic Times

Iran launches ballistic missiles at US air bases in Jordan, claims state media

Iran claimed to have launched ballistic missiles at two US air bases in Jordan after American forces struck Larak Island. Iranian media said the missiles targeted technical infrastructure and fighter-jet positions, while Al Arabiya reported that Jordanian air defences intercepted them. US Central Command said blockade remained in place.

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Euronews

US forces strike Iranian rocket launchers in Strait of Hormuz as IRGC warns of 'retaliatory response'

The IRGC confirmed strikes had hit Larak Island and warned that the attack would be "met with a retaliatory response," per Iran's Fars news agency.

The Conversation

Six months into the US-Iran war, will there be any accountability for potential war crimes?

The Trump administration has consistently viewed itself as being above international law. Not only does it claim international law doesn’t apply to the United States, it has imposed sanctions on officials of the International Criminal Court (ICC).

Barchart

When Will Crude Oil Prices Stabilize?

Crude oil prices have declined from the March 2026 high, but they remain highly volatile, driven by uncertainty and hostilities in the Middle East. Crude oil’s trend since March 2026 has been bearish, but the potential for price spikes remains a clear and present danger in late August 2026.

Euronews

Kilometre-long petrol queues in Iran signal further strain on Tehran

Lines formed outside Tehran petrol stations from midnight as a daily shortfall met with panic buying, while officials denied a shortage and said prices would have to change, without clarifying when or by how much.

Euronews

US Secret Service probes Iranian video threatening Barron Trump

The agency confirmed it was aware of the IRGC-affiliated broadcast on the US president's youngest son, which claimed a $10m bounty and alleged his movements were "fully monitored".

International Business Times UK

Barron Trump Threat Signals Iran's Escalating Focus on First Family After Targeting the President and Melania

Iran's threat against Barron Trump follows a July segment targeting Melania and lands the same day Netanyahu says Tehran tried to kill his son.

The Economic Times

‘Where to kill Barron Trump?’: After Melania Trump, Iran targets Trump's 20-year-old son in chilling video as $10 million bounty claim emerges amid US-Iran tensions

Iranian state-linked media has aired a disturbing three-minute video targeting President Donald Trump’s 20-year-old son Barron Trump. The clip titled “Where to kill Barron Trump” claims to track his movements and showing his university surroundings. Reports suggest that the Iranian regime has placed a $10 million bounty on Barron Trump’s…

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