US-Iran Strikes Send Brent Crude Up 2.4% to Above $90 as Hormuz Risk Returns
After weeks of relative calm, US and Iranian forces exchanged attacks on August 30-31, 2026, reviving defense concerns over mine warfare in the Strait of Hormuz and missile-defense gaps in Jordan. For space and defense stakeholders, the strikes stress-test naval aviation, counter-UAS systems, and regional missile interception while oil markets reprice chokepoint risk with Brent up 2.4% to above $90 per barrel.