US Strike on Iran Island Triggers Oil Surge and Dollar Rally

US airstrikes on an Iranian island in the Strait of Hormuz drove oil prices up and pushed the Colombian dollar higher.

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As of 2026-09-01 20:14 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

Oil prices rose more than 3% on Monday after the United States attacked an Iranian island in the Strait of Hormuz and Tehran announced retaliatory measures. ^[1] On August 31, the Colombian dollar opened at $3.170, representing a decrease of $32.79 against the previous day's TRM of $3.202.79. ^[2] On September 1, 2026, the Colombian dollar opened at $3,220, trading $6 above the official TRM rate of $3,213.97. ^[3] In response to the US attacks, Tehran announced it would attack two US air bases in Jordan, according to Iranian media citing the country's Revolutionary Guard. ^[4] The Colombian dollar recorded its strongest weekly increase of the year last week with a rise of $163 pesos, surpassing the $84 increase seen during the week of April 27. ^[5]

What this stands on

Oil prices rose more than 3% on Monday after the United States attacked an Iranian island in the Strait of Hormuz and Tehran announced retaliatory measures. · Diario La republica

On August 31, the Colombian dollar opened at $3.170, representing a decrease of $32.79 against the previous day's TRM of $3.202.79. · Diario La republica

On September 1, 2026, the Colombian dollar opened at $3,220, trading $6 above the official TRM rate of $3,213.97. · Diario La republica

In response to the US attacks, Tehran announced it would attack two US air bases in Jordan, according to Iranian media citing the country's Revolutionary Guard. · Diario La republica

The Colombian dollar recorded its strongest weekly increase of the year last week with a rise of $163 pesos, surpassing the $84 increase seen during the week of April 27. · El Colombiano

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