US, Iranian forces fire at vessels in waters near Iran
XLE•Escalation threatens energy supplies
The exchange of attacks followed an escalation in the past week that threatens to deepen a conflict that has continued since the U.S. and Israel launched strikes on Iran in February, disrupting global energy supplies and drawing opposition from a majority of Americans before congressional elections in November.
Trump threatens Kharg Island as tensions rise
While U.S. President Donald Trump's administration seeks to pivot toward an economic clampdown on Iran by widening sanctions, the president himself has kept open the possibility of military action.
On Aug. 31, Trump issued a one-line social media post accompanied by an AI-generated video depicting Kharg Island being "blown to smithereens." Iranian authorities have vowed a strong response if Kharg is attacked.



