U.S. strikes Iran as sanctions campaign and Strait of Hormuz risks intensify

United StatesIranPakistan

First seen: Aug 31, 2026, 1:02 PM UTCUpdated: Aug 31, 2026, 1:50 PM UTC

WHAT HAPPENED

New reports describe renewed U.S. strikes on Iran, consideration of retaliation involving Kharg Island, and a new U.S. sanctions campaign as Iran's economy faces crisis.

SO WHAT?

Renewed military action, sanctions and threats involving the Strait of Hormuz raise the risk of broader regional conflict and energy disruption.

FOR ME

Impact on Switzerland

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MARKETS

Market impact

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COVERAGE

Reports behind this event

fortune.comen

Trump threatens to blow Kharg Island 'to smithereens' as U.S. and Iran trade fresh strikes

Aug 31, 2026, 1:50 PM UTC

abc15.comen

US strikes Iran as retaliation raises fears over gas prices, Strait of Hormuz

Aug 31, 2026, 1:49 PM UTC

katc.comen

US strikes Iran as retaliation raises fears over gas prices, Strait of Hormuz

Aug 31, 2026, 1:32 PM UTC

foxnews.comen

Retaliation on Kharg Island weighed as US-Iran hostilies reignite

Aug 31, 2026, 1:32 PM UTC

aol.co.uken

Iran's economy in crisis as US launches new sanctions campaign

Aug 31, 2026, 1:17 PM UTC

shanghainews.neten

US threatens Iran with financial violence

Aug 31, 2026, 1:02 PM UTC

propakistani.pken

US-Iran War Threatens Pakistan's Economy: Finance Minister

Aug 31, 2026, 1:02 PM UTC