Middle East Tensions Escalate: US-Iran Strikes Spill Over Into Strait of Hormuz

On September 3, the Middle East conflict continued to escalate as Iran retaliated against US airstrikes by targeting US assets across multiple countries and claiming the downing of 50 drones. Shipping through the Strait of Hormuz was disrupted, and the Iranian rial exchange rate fell below the 2.2 million mark, reaching a historic low.