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US, Iran exchange fire in flare-up; Bessent signals more sanctions

By Phil Stewart and David Lawder WASHINGTON, Aug 30 (Reuters) - U.S. forces struck two rocket launchers on Iran's Larak Island on Sunday, a U.S. official said, marking the first known American strikes on the Islamic republic since late July. The small Iranian island in the Strait of Hormuz near the strategic port of Bandar Abbas overlooks shipping lanes at the mouth of the Gulf, giving it a key…

US forces struck two rocket launchers on Iran's Larak Island on Sunday, marking the first known American strikes on the Islamic republic since late July. The island, located in the Strait of Hormuz near the strategic port of Bandar Abbas, overlooks shipping lanes at the mouth of the Gulf.

Iran responded by launching an attack on two US bases in Jordan, according to Iranian media. The Revolutionary Guards said they struck the bases with ballistic missiles, causing "heavy damage". Jordan's army said it had intercepted eight missiles, without stating their origin.

The US Treasury Secretary, Scott Bessent, said new secondary sanctions against Iran were likely to be unveiled weekly, with an initial focus on banks. Bessent said the goal was to pressure Iran and that the next step may be cutting off an institution entirely from the dollar-based financial system.

Brief written by urgent.news from Al-Monitor, Daily Maverick, Dawn, Live Mint, Jerusalem Post — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.

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