US launches new airstrikes on Iran's IRGC, oil prices jump on supply fears

US Central Command began striking IRGC targets in Iran on Tuesday, escalating the conflict and spiking oil prices over Strait of Hormuz supply concerns.

TruthFoundry News Desk

Stands on 6 placed sources from 2 publishers.

As of 2026-09-01 18:59 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

US Central Command said on Tuesday that US forces had begun striking Islamic Revolutionary Guard Corps (IRGC) targets in Iran, citing recent attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and against American service members. ^[1] Iran's state broadcaster reported explosions on Qeshm Island, while state-linked Nour News reported explosions in Bandar Abbas and Chabahar, and IRNA reported explosions in Jask and Sirik, following the US strikes. ^[2] President Donald Trump threatened on Tuesday that if Iran retaliated for the US strikes, the US would hit Iran again 'at a much harder and higher level'. ^[3] US Treasury Secretary Scott Bessent said Washington was likely to announce bank sanctions against Iran this week or next, aiming to 'economically asphyxiate' Iran's leadership, and was also looking at targeting airline leasing companies and other entities doing business with the IRGC. ^[4] The US military strikes on IRGC bases in Iran were a response to recent IRGC attempts to attack commercial ships in the Strait of Hormuz and US soldiers deployed in the region. ^[5] Iran's state broadcaster also reported four explosions heard from the direction of the Strait of Hormuz in Qeshm. ^[6]

What this stands on

Iran's state broadcaster reported explosions on Qeshm Island, while state-linked Nour News reported explosions in Bandar Abbas and Chabahar, and IRNA reported explosions in Jask and Sirik, following the US strikes. · Business Day

President Donald Trump threatened on Tuesday that if Iran retaliated for the US strikes, the US would hit Iran again 'at a much harder and higher level'. · Business Day

US Treasury Secretary Scott Bessent said Washington was likely to announce bank sanctions against Iran this week or next, aiming to 'economically asphyxiate' Iran's leadership, and was also looking at targeting airline leasing companies and other entities doing business with the IRGC. · Business Day

The US military strikes on IRGC bases in Iran were a response to recent IRGC attempts to attack commercial ships in the Strait of Hormuz and US soldiers deployed in the region. · Amar Ujala

Iran's state broadcaster also reported four explosions heard from the direction of the Strait of Hormuz in Qeshm. · Amar Ujala

We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.

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