US and Iran Exchange Major Strikes

US and Iranian forces exchanged heavy strikes in the region, raising fears of a renewed war. Washington defended its actions while Iran reported civilian casualties.

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A screengrab from a video obtained from social media on September 1, 2026, shows a view shortly before what U.S. Central Command (CENTCOM) says was a U.S. strike on an Iranian military target. U.S. Central Command/Handout via REUTERS

United States and Iran traded their heaviest barrage since July, with Washington targeting southern coastal military installations and Tehran retaliating across regional bases. The late evening exchange threatens to reignite a protracted conflict that has disrupted global energy flows. Energy markets face renewed supply risks as crude shipments through the Strait of Hormuz navigate heightened naval friction.

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