US Central Command confirmed on Aug. 31 that American forces struck two Iranian rocket launchers in the Strait of Hormuz on Sunday, the first time Washington has publicly acknowledged an attack on Iran since late July. The Islamic Revolutionary Guard Corps (IRGC) said it launched missiles at a US military base and vowed to retaliate over the strike on Larak Island, which the IRGC said killed and wounded multiple people, including civilians. Markets moved fast. WTI crude gapped up nearly 2% at Monday's open, and Brent returned to $90 a barrel, up 2.3% on the day. Spot gold opened lower. Crypto sold off across the board in HTX data: Bitcoin dropped to $77,000 and was last seen at $77,399.02, down 1.7% in the past hour. Ethereum slid below $2,400 to $2,398, losing 2.76% over the same stretch.
US Forces Strike Iranian Rocket Launchers Near Hormuz
US Central Command confirmed on Aug. 31 that American forces struck two Iranian rocket launchers in the Strait of Hormuz on Sunday, which corresponds to the early hours of Aug. 31 Beijing time. It is the first time since late July that Washington has publicly acknowledged an attack on Iran.
Iran's response came within hours. The Islamic Revolutionary Guard Corps said in a social media post early Monday that it had fired missiles at a US military base. In a separate statement, the IRGC said the strike on Larak Island killed and wounded multiple people, including civilians, and warned that "aggression against Larak Island will be met with revenge, and the aggressor will be punished."
Oil Jumps, Crypto Sells Off
Markets reacted quickly. According to Bitget data, WTI crude gapped up nearly 2% at the start of Monday trading. Brent crude climbed back above $90 a barrel, up 2.3% for the day. Spot gold opened lower.
Crypto fell across the board, per HTX exchange data. Bitcoin dropped to $77,000 and was changing hands at $77,399.02, down 1.7% in the past hour. Ethereum broke below $2,400 to $2,398, down 2.76% in the same period.
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