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US Strikes Larak Island as Iran Retaliates, Sanctions Loom

US Strikes Larak Island as Iran Retaliates, Sanctions Loom
US, Iran exchange fire in flare-up; Bessent signals more sanctions · theprint.in

The United States attacked two rocket launchers on an Iranian island near the Strait of Hormuz.

The United States said the launchers could be used to place mines in an important shipping route.

Iran then fired missiles toward United States bases in Jordan.

Jordan said it stopped eight missiles.

Iran said some of its fighters and civilians were killed or hurt in the American attack.

The fighting happened after several weeks without a confirmed United States strike on Iran.

At the same time, the United States is trying to pressure Iran with financial penalties.

Scott Bessent said banks that handle Iranian money could face sanctions every week.

The attacks have raised concerns about shipping through the Strait of Hormuz, a major route for oil and gas.

Key facts

United States military action
United States forces struck two Iranian rocket launchers on Larak Island on Sunday.
Stated United States justification
The United States Central Command said Iranian Revolutionary Guard minelaying forces posed an imminent threat in the Strait of Hormuz.
Iranian retaliation
Iranian media reported ballistic missile attacks targeting two United States bases in Jordan.
Jordanian interception
Jordan's armed forces said they intercepted eight missiles that entered its airspace.
Reported casualties
Iran's Revolutionary Guard said several fighters and civilians were killed or injured.
Planned sanctions
Scott Bessent said new secondary sanctions against Iran were likely to be unveiled weekly, initially focusing on banks.
Shipping concerns
Visible commodity-vessel traffic through the Strait of Hormuz fell to five vessels a day over the weekend, although some ships may have switched off tracking systems.
Strategic waterway
The Strait of Hormuz carried nearly one-fifth of global crude oil and liquefied natural gas shipments before the reported blockade.

Quotes

Scott Bessent

U.S. Treasury secretary discussing secondary sanctions on Iran-linked financial institutions

“You're going to see a lot more of these every week. We're starting with the banks, and we're telling the banks it's not okay to have Iranian money and to aid the regime.”
theprint.in livemint.com

Gen. Hossein Mohebi

Iranian Revolutionary Guard spokesperson commenting on the US attack.

“fatal mistake by the Trump regime during the economic war”
livemint.com

Sources

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