US and Iran Resume Hostilities Amid Escalating Tensions

The US and Iran have resumed hostilities for the first time since late July, with the White House remaining silent on the matter. The escalation has driven oil prices up nearly 2% as tensions between the two countries continue to escalate.

Iran's National Iranian Oil Co chief executive Hamid Bovard dismissed US President Donald Trump's claim that Kharg Island was under attack, stating 'Trump's tweets are laughable and conditions in Kharg are calm and appropriate.'

US forces struck two Iranian launchers on Larak Island, which is located near the strategic Iranian port of Bandar Abbas, according to a US official. Iran retaliated by attacking Jordan and the Al Menhad air base in the United Arab Emirates.