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Markets

US Strikes Iranian Tankers Amid Escalating Hostilities

Published 8 September 2026

The U.S. military conducted airstrikes on multiple Iranian oil tankers near Kharg Island and the port city of Jask on Tuesday, September 8, 2026, in a significant escalation of hostilities. The strikes were a direct response to recent attempted missile attacks by Iran against U.S. Navy vessels, including an aircraft carrier and a guided-missile destroyer, officials confirmed. The U.S. military has stated its strategy prioritizes striking or disabling targets around the Strait of Hormuz to increase economic pressure on Iran. Kharg Island, a vital energy hub, is central to Iran's oil exports, with reports indicating up to 90% of the country's oil products pass through it. The U.S. also imposed new sanctions on Iran's commercial airline industry, targeting 27 airlines and nine service providers accused of supporting Mahan Air, an airline previously sanctioned for providing services to Iran's Islamic Revolutionary Guard Corps (IRGC). Iranian state media reported that crews of the targeted tankers were evacuated by lifeboat, and no casualties were immediately reported. However, Iran's armed forces headquarters issued a stern warning, stating that any further U.S.

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