Urgent.News

What's breaking now, across thousands of outlets.

Sunday, 30 August 2026 Reading Room

World

US hits Iranian launchers preparing to fire in Hormuz; IRGC targets Jordan in response

Revolutionary Guards announce 'the martyrdom and injury of several of our fighters and compatriots' after American forces strike Iran for first time in a month; no injuries reported in retaliatory attack The post US hits Iranian launchers preparing to fire in Hormuz; IRGC targets Jordan in response appeared first on The Times of Israel .

timesofisrael.com ·

US hits Iranian launchers preparing to fire in Hormuz; IRGC targets Jordan in response

US military carried out a strike on Iranian rocket launchers, preparing to launch mines into the Strait of Hormuz, in the first such attack in a week, according to Bloomberg. CENTCOM spokesperson, Captain Tim Hawkins, announced that Iran had vowed to retaliate against what it deemed a lethal assault. The US forces continued to keep a close watch over the area, prepared to safeguard the uninterrupted flow of trade through this vital waterway.

This marked the first military action against Iran in over a month, as US President Donald Trump intensified his campaign to curb Tehran's economy. In financial terms, "risk-on" and "risk-off" refer to the degree of risk investors are willing to take during a given period. A "risk-on" market signals optimism and willingness to invest in riskier assets, while a "risk-off" market indicates caution and preference for safer, more certain investments.

Generally, during "risk-on" markets, stocks rise, most commodities increase in value (excluding gold), currencies of commodity-exporting nations strengthen, and cryptocurrencies surge. Conversely, in "risk-off" markets, bonds appreciate, gold and safe-haven currencies such as the Japanese Yen, Swiss Franc, and US Dollar gain value.

The Australian Dollar, Canadian Dollar, New Zealand Dollar, and select minor currencies typically rise in "risk-on" markets. The US Dollar, Japanese Yen, and Swiss Franc usually appreciate in "risk-off" markets due to increased demand for these currencies and US government debt, which is considered secure. On the currency market, GBP/USD experienced a weekly correction, slipping towards the 1.3530 level, influenced by strong gains in the US Dollar and Chair Jerome Powell's hawkish remarks at the Jackson Hole Symposium.

EUR/USD also saw a decline, hitting seven-day lows as the US Dollar gained strength and the US Nonfarm Payrolls Annual Revision came in weaker than expected. Gold prices continued their decline, breaking below its 200-day Simple Moving Average near $4,530 per troy ounce, following a general bullish tone in the US Dollar and rising US Treasury yields.

Meanwhile, US diesel crack spread surged past $100 per barrel, a significant increase, indicating a tightening in fuel markets.

Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at timesofisrael.com →

More in World

The Korean kimchi craze has helped drive up exports of agricultural and marine products. According to the South Jeolla Province and Gwangju Metropolitan City governments, the two regions' exports of farm and marine products reached a record 437.8 million US dollars from January to July this year. This represents a 14 percent increase from the same period last year. Kimchi exports, in particular, surged 28 percent to 36.6 million dollars over the same period. The two local governments attribute the export growth to the global popularity of Korean kimchi and other foods. They expect exports to continue to grow for the rest of the year. The South Jeolla Province and Gwangju Metropolitan City are major producers of kimchi ingredients such as radish, Chinese cabbage and chili peppers. The two regions are also home to many food companies that make kimchi and other food products. Their exports have been rising steadily over the past few years. In 2019, they reached 365 million dollars, up 6.6 percent from 2018. In 2020, they jumped 21 percent to 384 million dollars. Last year, they hit 409 million dollars, up 6.5 percent from 2020. The two regions' governments plan to increase support for local companies to help them expand exports. They will provide more export-related services such as information on foreign markets and distribution channels. They will also help local companies participate in international food exhibitions. The goal is to reach 500 million dollars in exports by 2025. Choi Kyu-hwan, an official at South Jeolla Province, said, "We expect this year's exports to set a new record, exceeding 450 million dollars. We will do our best to help local companies go global."

·hani.co.kr

The Supreme Court has ruled that a "room cafe" where the interior is not visible from the outside is subject to restrictions on minors' entry, overturning a lower court decision that had acquitted the operator of such a cafe. The Supreme Court on the 28th made a final ruling that a person in their 20s, A, who operated a room cafe in Gangnam, Seoul, was guilty of violating the Juvenile Protection Act. The room cafe in question had a structure where the interior could not be seen from the outside, and a door that could only be opened from the inside. The operator, A, was charged with allowing a high school student to enter the room cafe at around 10:30 pm on September 8, 2020. The lower courts, however, found A not guilty, but the Supreme Court overturned the decision. The Supreme Court stated that "the purpose of the Juvenile Protection Act is to protect minors from harmful environments, and the room cafe in this case falls under the category of places where minors are prohibited from entering." The Supreme Court added that "even if the interior is not visible from the outside, if the nature of the place is such that it can be used similarly to a private room, it is subject to restrictions on minors' entry."

·hani.co.kr

More from Sunday 30 August →