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US strikes in Iran's Khuzestan kill at least seven

Background: The US-Iran conflict continues as US strikes near Ahvaz and Khorramabad in Iran killed four and injured seven, with regional spillover reported. Today: On 2 September 2026, new US missile strikes on three locations in Khuzestan province, including near Ahvaz and Aghajari, killed at least seven and injured eight, according to Iranian state media. The strikes were confirmed by the province's deputy governor for security affairs, who reported the same casualty figures.

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Background: The US-Iran conflict continues as US strikes near Ahvaz and Khorramabad in Iran killed four and injured seven, with regional spillover reported. Today: On 2 September 2026, new US missile strikes on three locations in Khuzestan province, including near Ahvaz and Aghajari, killed at least seven and injured eight, according to Iranian state media. The strikes were confirmed by the province's deputy governor for security affairs, who reported the same casualty figures.

us48

US VP Focuses on Strait of Hormuz Amid Tanker Attack; Israeli Forces Advance in Syria; US Army Secretary Resigns

In a morning update on Middle East developments, US Vice President JD Vance emphasized Washington's focus on ensuring free flow of commerce through the Strait of Hormuz, accusing Tehran of strategic miscalculation in attempts to disrupt oil and gas exports. Meanwhile, Israeli forces advanced further into Syria's Daraa province, with military vehicles and reconnaissance aircraft spotted near the village of Jumla. US Army Secretary Dan Driscoll resigned following months of tension with Defense Secretary Pete Hegseth over the ousting of top generals. A tanker was struck by three projectiles east of Oman's Khasab, with no casualties reported. Yemen's military launched drone attacks on Houthi positions and destroyed four Houthi drone boats near the Hanish and Zaqar islands. The US State Department approved an $800 million helicopter sale to Iraq.

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In a morning update on Middle East developments, US Vice President JD Vance emphasized Washington's focus on ensuring free flow of commerce through the Strait of Hormuz, accusing Tehran of strategic miscalculation in attempts to disrupt oil and gas exports. Meanwhile, Israeli forces advanced further into Syria's Daraa province, with military vehicles and reconnaissance aircraft spotted near the village of Jumla. US Army Secretary Dan Driscoll resigned following months of tension with Defense Secretary Pete Hegseth over the ousting of top generals. A tanker was struck by three projectiles east of Oman's Khasab, with no casualties reported. Yemen's military launched drone attacks on Houthi positions and destroyed four Houthi drone boats near the Hanish and Zaqar islands. The US State Department approved an $800 million helicopter sale to Iraq.

us44

US sanctions on education and testing hit Iranian civilians, sparking outrage

The United States has expanded its 'Operation Economic Outcast' sanctions against Iran, targeting education and language testing. The Treasury's OFAC suspended general licenses for academic exchanges and testing services, leading ETS to pause TOEFL and GRE exams in Iran and Duolingo to ban English tests for Iranian ID holders worldwide. These measures affect thousands of young Iranians seeking to study abroad, who face additional costs and travel to neighboring countries for tests. Critics argue the sanctions disproportionately harm civilians, not the government, and have sparked petitions and online protests.

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The United States has expanded its 'Operation Economic Outcast' sanctions against Iran, targeting education and language testing. The Treasury's OFAC suspended general licenses for academic exchanges and testing services, leading ETS to pause TOEFL and GRE exams in Iran and Duolingo to ban English tests for Iranian ID holders worldwide. These measures affect thousands of young Iranians seeking to study abroad, who face additional costs and travel to neighboring countries for tests. Critics argue the sanctions disproportionately harm civilians, not the government, and have sparked petitions and online protests.

us43

Oil price surge from Iran war drives global bond yields higher

Oil prices are approaching $100 per barrel, with diesel futures at record highs, as markets factor in the impact of the U.S.-Iran war. Rising energy costs are boosting inflation expectations, pushing government bond yields to multi-year highs in the U.S., U.K., Germany, and Japan, and creating a negative correlation with stock prices.

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Oil prices are approaching $100 per barrel, with diesel futures at record highs, as markets factor in the impact of the U.S.-Iran war. Rising energy costs are boosting inflation expectations, pushing government bond yields to multi-year highs in the U.S., U.K., Germany, and Japan, and creating a negative correlation with stock prices.

us41

Global bond yields hit multi-decade highs as inflation and debt fears intensify

Global bond markets experienced a sharp selloff, driving sovereign yields to multi-decade highs across major economies. The 10-year U.S. Treasury yield approached 5%, Japan's 10-year yield exceeded 3% for the first time in 30 years, and German and British yields reached levels not seen in over a decade. The selloff is driven by rising energy prices from Middle East tensions, inflation concerns, and heavy government borrowing. Additionally, massive bond issuance by tech giants to fund AI investments has added supply pressure. Investors fear 'bond vigilantes' demanding higher compensation for government debt, with central banks like the Fed and ECB expected to hike rates.

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Global bond markets experienced a sharp selloff, driving sovereign yields to multi-decade highs across major economies. The 10-year U.S. Treasury yield approached 5%, Japan's 10-year yield exceeded 3% for the first time in 30 years, and German and British yields reached levels not seen in over a decade. The selloff is driven by rising energy prices from Middle East tensions, inflation concerns, and heavy government borrowing. Additionally, massive bond issuance by tech giants to fund AI investments has added supply pressure. Investors fear 'bond vigilantes' demanding higher compensation for government debt, with central banks like the Fed and ECB expected to hike rates.

us40

Pentagon leadership turmoil deepens as Army Secretary resigns amid Hegseth clashes

Background: Army Secretary Daniel Driscoll had defended the Pentagon's authority to oust top generals, but resigned after months of conflict with Defense Secretary Pete Hegseth over the firing of senior military leaders and blocked modernization efforts. Today: Driscoll's resignation, effective after his last full day on Wednesday, leaves the Army without Senate-confirmed civilian or uniformed leadership during the Iran war. Senator Thom Tillis (R-NC) publicly called for Hegseth's dismissal, citing 'inept management' and a leadership void, while Hegseth has fired or sidelined over two dozen senior officers, including Army Chief of Staff Gen. Randy George, and blocked promotions of dozens more, including minority and female officers. The turmoil has raised concerns about military readiness, with commanders warning of degraded capabilities and the war consuming 65% of Patriot interceptor inventory. The Pentagon has held no formal press briefing in nearly four months. President Trump nominated Hung Cao as Navy Secretary, and the White House expressed full confidence in Hegseth.

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Background: Army Secretary Daniel Driscoll had defended the Pentagon's authority to oust top generals, but resigned after months of conflict with Defense Secretary Pete Hegseth over the firing of senior military leaders and blocked modernization efforts. Today: Driscoll's resignation, effective after his last full day on Wednesday, leaves the Army without Senate-confirmed civilian or uniformed leadership during the Iran war. Senator Thom Tillis (R-NC) publicly called for Hegseth's dismissal, citing 'inept management' and a leadership void, while Hegseth has fired or sidelined over two dozen senior officers, including Army Chief of Staff Gen. Randy George, and blocked promotions of dozens more, including minority and female officers. The turmoil has raised concerns about military readiness, with commanders warning of degraded capabilities and the war consuming 65% of Patriot interceptor inventory. The Pentagon has held no formal press briefing in nearly four months. President Trump nominated Hung Cao as Navy Secretary, and the White House expressed full confidence in Hegseth.

us40

Iran vows firm response after US strikes hit Sirik

Background: Iran has previously accused the US of undermining diplomacy and described recent US attacks as an 'illegal war'. On Tuesday, Iranian Foreign Ministry spokesperson Esmaeil Baqaei vowed that Iran will respond 'with firmness' to the latest US strikes, despite US President Donald Trump's warnings of severe retaliation. Baqaei claimed a US attack on a residential home in Kuhestak, Sirik, killed or wounded more than 50 people during a wedding celebration. He also criticized governments and international institutions for remaining silent, warning they would not be immune to consequences.

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Background: Iran has previously accused the US of undermining diplomacy and described recent US attacks as an 'illegal war'. On Tuesday, Iranian Foreign Ministry spokesperson Esmaeil Baqaei vowed that Iran will respond 'with firmness' to the latest US strikes, despite US President Donald Trump's warnings of severe retaliation. Baqaei claimed a US attack on a residential home in Kuhestak, Sirik, killed or wounded more than 50 people during a wedding celebration. He also criticized governments and international institutions for remaining silent, warning they would not be immune to consequences.

us40

Woman stabs two in Times Square, one killed, before being shot by police

A 49-year-old woman from Queens with a documented mental health history but no prior arrests stabbed two people in Times Square, New York City, on Monday afternoon, killing a 32-year-old woman and injuring a 68-year-old man. The attack occurred near One Times Square, a heavily touristed area, prompting a temporary closure. Police attempted to de-escalate for several minutes, used a Taser without effect, and then shot the woman after she refused to drop her knives and advanced toward officers. The 68-year-old man was in stable condition. Officials ruled out terrorism and praised officers for preventing further casualties.

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A 49-year-old woman from Queens with a documented mental health history but no prior arrests stabbed two people in Times Square, New York City, on Monday afternoon, killing a 32-year-old woman and injuring a 68-year-old man. The attack occurred near One Times Square, a heavily touristed area, prompting a temporary closure. Police attempted to de-escalate for several minutes, used a Taser without effect, and then shot the woman after she refused to drop her knives and advanced toward officers. The 68-year-old man was in stable condition. Officials ruled out terrorism and praised officers for preventing further casualties.