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US Strikes Iranian Targets in Strait of Hormuz as Oil Prices Surge

The United States struck Iranian targets on Larak Island in the strait of Hormuz, prompting Iranian retaliation against US forces and pushing oil prices higher. The flare-up marks the first exchange of fire in more than a month, six months into the war.

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Key facts

  • US struck Iranian launchers on Larak Island in the strait of Hormuz, the first exchange of fire in more than a month, according to the Guardian.
  • Iran retaliated by targeting US bases in Jordan, while the UAE condemned an intercepted Iranian drone over its territorial waters.
  • Brent crude jumped about 3% to above $90 after the flare-up, according to CNBC.
  • President Trump claimed Iran's Kharg island energy hub was being destroyed, but Iran's national oil company said operations continue.
  • Israel's Shin Bet said it urgently evacuated Benjamin Netanyahu's oldest son, Yair, from the US over a 'significant threat'.

The United States struck Iranian targets in the strait of Hormuz on Monday, hitting launchers on Iran’s Larak Island in what the Guardian described as the first exchange of fire in more than a month. The strikes sparked Iranian reprisals against US forces in the region, marking a sharp escalation in hostilities six months into the war.

Iran responded to the assault on Larak Island by targeting US bases in Jordan, according to the Guardian. Separately, the United Arab Emirates said its air defences intercepted an Iranian drone over its territorial waters. In a statement on X, the UAE’s foreign ministry “strongly condemned the hostile Iranian attack” and said it reserved the “full and legitimate right to respond,” calling the incident a “dangerous escalation.”

Hours after the attacks, President Donald Trump claimed in a social media post — featuring an AI video showing oil infrastructure exploding — that Iran’s energy hub of Kharg island was being “blown to smithereens,” the Guardian reported, without any supporting evidence. Hamid Bovard, CEO of the National Iranian Oil Company, mocked the post and said oil operations there were continuing.

In a written message marking six months since the start of the war, Ayatollah Mojtaba Khamenei called the US and Israel enemies of all Islamic nations and urged rulers of Muslim nations to “know your real enemy, understand its plans and confront it,” the official Irna news agency reported, according to the Guardian.

Israel’s Shin Bet security agency said it had urgently evacuated Prime Minister Benjamin Netanyahu’s oldest son, Yair, from the United States due to a threat against him. In a brief statement obtained by the Associated Press, the Shin Bet confirmed there had been a “significant threat” without elaborating.

The escalation rippled through markets. Brent crude jumped about 3% to above $90 on Monday after the US struck Iranian targets for the first time in weeks, according to CNBC. The flare-up coincided with this week’s G20 meeting, where US treasury secretary Scott Bessent is expected to step up efforts to isolate Iran economically.

The European Union said it would work with the US and allied countries to maintain economic pressure on Iran, welcoming efforts to ensure Iran “ceases its destabilising activities and engages in peace negotiations,” including through the US-led “Operation Economic Outcast.” Iranian president Masoud Pezeshkian was due to take part in a Shanghai Cooperation summit beginning Monday.

Why it matters

The strait of Hormuz is one of the world's most critical oil shipping routes, and renewed US-Iran fighting there threatens both regional security and global energy supplies. The jump in oil prices shows how quickly the conflict can hit consumers and markets worldwide, while attacks on US bases and Gulf states risk drawing more countries into the war.

Frequently asked questions

What happened in the strait of Hormuz?

The US struck Iranian launchers on Larak Island in the strait of Hormuz, the first exchange of fire in more than a month, prompting Iranian retaliation against US forces. A supertanker also hit mines and caught fire amid the escalation.

How did oil prices react?

Brent crude jumped about 3% to above $90 on Monday after the flare-up in US-Iran hostilities, according to CNBC.

How did Iran and other countries respond?

Iran targeted US bases in Jordan, and the UAE said it intercepted an Iranian drone over its waters. Iran's supreme leader called the US and Israel enemies of Islamic nations, while the EU and US pledged to increase economic pressure on Iran.

Timeline

  1. Brent jumps above $90 after flare-up in U.S.-Iran hostilities

    CNBC Top News: Oil prices moved higher Monday, after the U.S. struck Iranian targets for the first time in weeks.

  2. Trump says US will ‘hit Iran hard’ as hostilities resume – Middle East crisis live

    The Guardian World: Iran responded to an assault on its Larak Island by targeting US bases in Jordan First US military attacks on Iran in a month prompt retaliation Coinciding with this week’s G20 meeting , the EU has issued a statement saying it will work with the US and other allied countries to m

  3. Brent jumps 3% to above $90 after flare-up in U.S.-Iran hostilities

    CNBC Top News: Oil prices moved higher Monday, after the U.S. struck Iranian targets for the first time in weeks.

  4. Iran hostilities flare after US strike in strait of Hormuz – Middle East crisis live

    The Guardian World: US targets Iran’s Larak Island in first exchange of fire in more than a month, sparking reprisals against US forces in the region US strikes Iranian launchers in strait of Hormuz, prompting Iranian retaliatory attacks The UAE condemned an Iranian drone attack intercepted over its

  5. Iran hostilities flare after US strike in strait of Hormuz; supertanker hits mines and catches fire – Middle East crisis live

    The Guardian World: US targets Iran’s Larak Island in first exchange of fire in more than a month, sparking reprisals against US forces in Jordan and UAE US strikes Iranian launchers in strait of Hormuz, prompting Iranian retaliatory attacks Hours after the attacks, the US president, Donald Trump, c

ⓘ This article was generated with AI assistance, checked against the listed sources, and cleared by an independent AI editorial review.