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At G20 finance meetings in Asheville, North Carolina, Treasury Secretary Scott Bessent told CNBC the sanctions campaign aims "to create the conditions that they will want to come to the table", citing US demands on Iran's nuclear program, enriched uranium, proxies and an open strait. He said Iran was "lashing out kinetically because they are losing economically".
Trump told Fox News by phone on Monday, "We're going to hit them hard. There will be a response," saying all but one Iranian missile was intercepted and the last was let through because it would not hit anything significant. Later in the Oval Office he called the fighting "very limited" but added, "That doesn't mean we won't smack them."
The UAE defence ministry said air defences intercepted a drone approaching from Iran over UAE territorial waters after Iran's army claimed a drone attack on US forces at Al Minhad Air Base; the ministry called reports of a missile attack on the base baseless. The foreign ministry condemned a "dangerous escalation", held Iran fully responsible and said the UAE reserves the right to respond.
Hours after the Larak Island strike, Trump posted an AI-generated clip on Truth Social captioned "Kharg Island being blown to smithereens!!!". A US official told Reuters the military had not targeted Kharg, National Iranian Oil Company chief Hamid Bovard called the post "laughable", and Vance said Trump was "sending a message to the Iranians".
Brent futures climbed above $90 a barrel in early Asian trading on Monday, up about 2.5% at $90.32, after the US strike on Larak Island and Iran's retaliation on Jordan, and settled the day up 2.7% above $90, AP reported. US crude rose about 3.5% and the Dow fell 374 points.
Iran's Revolutionary Guards said they fired ballistic missiles and drones at King Hussein Air Base and Muwaffaq Salti Air Base at Azraq in retaliation for the Larak Island strike, claiming "heavy damage". Jordan's army said it intercepted eight missiles that entered its airspace, and a US source said nearly all incoming fire was intercepted with no significant impact.
US forces struck two IRGC rocket launchers on Larak Island in the Strait of Hormuz after seeing Guards forces preparing to fire rockets carrying sea mines into the strait, CENTCOM spokesman Capt. Tim Hawkins said; CENTCOM called it "limited, precise action". IRNA, citing the Qeshm governor, said two people were killed and several wounded in the attack late on Sunday.
Energy Minister Eli Cohen told Ynet that if Iran tries to revive its nuclear or ballistic missile programs, "even if there is an agreement with the United States, we will be there to attack". He said the war had set Iran's nuclear program back by two to four years.
Hezbollah launched two explosive drones at Israeli troops on the Ali al-Taher ridge overnight, causing no injuries, the IDF said, and Israel then struck what it called Hezbollah weapons stores in the Nabatieh area. Lebanon's state media reported strikes on the ridge, Mansouri, Zawtar al-Sharqiyah and Mayfadoun, and the health ministry said a woman was killed and six wounded in and around Arab Salim.
The master of an oil tanker reported it was struck by an unknown projectile 9 nautical miles northeast of Ash Shishah, Oman, damaging the engine room and disabling the vessel; the crew were safe, UKMTO said in warning 120-26. Gulf News, citing open-source analysis, identified the ship as the Liberia-flagged Metro Venetian, which later reached Fujairah under its own power.
Brent crude rose 2.4 percent to almost $94 a barrel early Thursday, its highest since late July, and WTI rose 2.5 percent to $86, after Trump promised a 'crushing economic operation' against Iran and penalties for countries doing business with it.
UKMTO said an unknown projectile struck a vessel making an outbound transit of the Strait of Hormuz, damaging its engine room and causing a crew casualty, with the Omani coast guard assisting the rest of the crew. The International Maritime Organization lists the ship as the Minoan Dignity and records one seafarer killed and no pollution.
The 14-point memorandum signed in June set 60 days for a final deal to end the war; the window closed at midnight with nothing agreed, after Trump had declared the memorandum 'over' on July 8. Iran's foreign ministry said the deadline had 'no relevance' because the U.S. violated the deal soon after it was signed, and its legal chief Abbas Baqerpour said the memorandum was in a 'coma' but could be revived if Washington changed course.
Reuters text of the 14-point memorandum, CNN live report on the expired window +6 more
Israeli dawn strikes on a house near Ansar and on Deir ez-Zahrani in the Nabatieh district killed at least 11 people, including women and children, and wounded 19, Lebanon's Health Ministry said. Israel said it was responding to a Hezbollah explosive-drone attack that wounded three soldiers, and said it killed Radwan Force battalion commander Ali Samir al-Haj Hassan at Ansar; on Aug. 16 it said it had also killed Abu Hassan Alaa, a senior commander in Hezbollah's Badr unit.
Brent crude settled at $88.52 a barrel on Friday, up $1.45, and WTI at $82.40, up $1.15, leaving the benchmarks about 6 percent and 5.4 percent higher on the week after new attacks on tankers and no progress toward a peace deal.
Yemen's government said the Houthis fired six ballistic missiles at Mokha port on Friday evening; a military official told AFP five hit commercial ships unloading there and six people were killed, while the port director put the toll at three, including two marines. The director said on Saturday that operations were suspended after more than 25 missiles in recent attacks caused about $16 million in losses.
Kpler counted two vessels crossing the Strait of Hormuz on Friday, a grain ship entering Iranian waters and an empty bulk carrier leaving, with no crude shipments visible, after nine on Thursday against an August average of 12 and more than 130 a day before the war. Defense Secretary Pete Hegseth said the Navy could keep up the blockade of Iranian ports 'indefinitely.'
ADNOC said two of its vessels were attacked while transiting the Strait of Hormuz on Thursday evening, Aug. 13, with no injuries, and the UAE foreign ministry blamed a 'hostile Iranian attack,' calling it 'piracy' by the IRGC; UKMTO reported two drone strikes on outbound tankers with minor damage. On Friday evening ADNOC said a third vessel was attacked, which the UAE also blamed on Iran.
Israeli Defense Minister Israel Katz said the army would 'not withdraw from the security zone in Lebanon as long as Hezbollah is not disarmed and the threat of Hezbollah in all of Lebanon is not removed,' and that he had told it to prepare for 'an extended presence' there. He spoke at a ceremony for a settlement in the occupied West Bank, Reuters reported.
ADNOC said one of its tankers was targeted by a missile while transiting the strait that morning, with no injuries and a fire brought under control, and the UAE foreign ministry called it a 'hostile Iranian attack.' ADNOC said 15 of its vessels have been attacked since the war began, three of them that week, with one crew member killed and 20 injured.
Crown Prince Mohammed bin Salman, Turkish President Recep Tayyip Erdogan and Pakistani Prime Minister Shehbaz Sharif signed an agreement under which 'any armed attack against any one of the three States shall be regarded as an attack against them all.' Iranian lawmakers said a 'paper agreement' would not give Saudi Arabia security.
An explosive device killed Maj. Harel Birenstock and Sgt. Maj. Tamir Vaknin and seriously wounded four soldiers in Majdal Zoun, the first Israeli deaths since the truce began nearly two months earlier. Israel called it a 'blatant violation of the ceasefire,' ordered residents of Mansouri to leave and struck southern Lebanon, and U.S.-mediated Israel-Lebanon talks in Rome ended three hours early.
India's shipping minister said the mechanised sailing vessel Faize Noore Oliya capsized after being hit near Yemeni waters and that all 14 on board, 13 of them Indian, were rescued by Yemen's coast guard. UKMTO said the ship was struck by an uncrewed surface vessel about 9 nautical miles off Mokha and sank; Yemen's transport ministry blamed the Houthis.
UKMTO said a cargo vessel made a distress call after being hit by an unknown projectile about 20 nautical miles northeast of Khasab, Oman. Greek risk firm Marisks named it as the Liberian-flagged Minoan Pioneer and said the strike caused a complete blackout; maritime sources told Reuters the crew abandoned ship and the third engineer was missing.
CENTCOM said strikes began at 8 p.m. ET as 'a powerful response' to Iran's missile attack and that the 'heavy wave' hit dozens of IRGC targets, including command centers, missile and drone facilities and coastal defenses. Iranian media reported explosions at Qeshm, Kish, Bandar Abbas, Abadan and Bushehr, and the IRGC said the strait would stay closed and 'the aggressor will be punished today.'
An explosion during cargo discharge at the LNG terminal in Damietta, on Egypt's Mediterranean coast, damaged the Energos Winter storage and regasification vessel and the GasLog Salem tanker, which were moved offshore. Egypt's cabinet said the next day a preliminary inquiry found a drone caused the fire; no one claimed it, and the Houthis denied involvement.
Brent crude rose 6.2 percent to $87.14 a barrel by 10 a.m. ET and the Dow fell 614 points after Iran's missile attack on U.S. forces and U.S.-Saudi strikes in Iraq. Trump told Fox News the U.S. would be 'hitting them hard,' and later said in the Oval Office it was 'our turn.'
CENTCOM said U.S. and Saudi fighter aircraft struck militia logistics and weapons sites across eastern Iraq in response to more than 30 IRGC-directed drone attacks in 72 hours on U.S. forces and Saudi energy sites, and Saudi Arabia called its role 'limited, targeted strikes.' The Popular Mobilisation Forces said at least 20 fighters were killed and 32 wounded at headquarters in Baghdad, Basra, Kirkuk and other provinces.
Netanyahu arrived at 10:57 a.m. ET and met Trump for a little over an hour, with Vance, Rubio and Hegseth present, right after Trump met Ukraine's Volodymyr Zelenskyy. An Israeli source called the talks 'extremely positive' and said both reaffirmed that Iran must never have nuclear weapons; beforehand Trump said of Iran's Pickaxe Mountain site, 'I don't need Bibi to tell me that.'
Ukrainian President Volodymyr Zelenskyy said long-range strikes in the Caspian Sea hit 'vessels used in military cargo shipments involving Iran.' Iran's foreign ministry said the attack caused an explosion on an Iranian commercial ship that killed one sailor and injured another, summoned Ukraine's charge d'affaires, and Foreign Minister Abbas Araghchi said the attack 'cannot go unanswered.'