Iran followed through with its threat of “punishment” after U.S. forces struck two Iranian rocket launchers near the Strait of Hormuz, firing missiles at American bases in Jordan.
Jordan’s military says it intercepted at least eight missiles, but some made it through the country’s defenses. Officials did not specify where those missiles hit, but reported no casualties.
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The United Arab Emirates also says its air force intercepted an Iranian drone over its territorial waters. The UAE’s defense ministry is also denying Iranian media reports that one of its key air bases was targeted by missiles.
US strikes Iran after month-long lull
The Strait of Hormuz was calm Monday morning after U.S. forces struck two Iranian rocket launchers near Larak island Sunday, ending a month-long lull in U.S. military action against Iran. U.S. Central Command said members of Iran’s Revolutionary Guard were preparing to launch rockets carrying sea mines into the strait.
“Iran created the threat and the U.S. military eliminated it to protect civilian mariners, commercial shipping, and the free flow of global commerce,” CENTCOM said in a post on social media.
Last week, President Donald Trump announced that U.S. forces had cleared the strait of mines and warned Iran against putting more in the waterway.
Oil prices climb again
Oil prices rose on Monday amid the renewed fighting. Brent crude, the global benchmark, climbed more than 3%, topping $90 per barrel at one point.
The U.S. benchmark also climbed, hitting $86 per barrel.
For now, gas prices are holding steady. The national average stayed at $4.08 a gallon, according to AAA.
More sanctions coming
The Trump administration is also preparing to sanction another bank this week as part of its effort to economically isolate Iran. Treasury Secretary Scott Bessent told The Associated Press about the plan on Sunday ahead of a G20 meeting in North Carolina.
“This is going to be financial violence if we have to,” Bessent said. “We are showing people that we know who you are, you know who you are, and this has got to stop.”
Bessent did not specify which bank will be sanctioned.
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