Weekend Watch: Direct US-Iran Attacks Return Near Hormuz
August 30, 2026
News summary: Reuters reported U.S. forces struck two Iranian missile launchers on Larak Island on Sunday and Iran responded with attacks on U.S. bases in Jordan. Visible commodity traffic through Hormuz fell to about five vessels per day over the weekend.
Market context: With no Sunday settlement, the execution risk centred on vessel safety, renewed war-risk pricing, route approval and whether Monday cargo offers would remain valid.
Archive date: August 30, 2026