BlockBeats News, September 2nd. As the US-Iran conflict escalated, the US military began to strike targets inside Iran. President Trump warned of a harsher retaliation if Iran strikes back, while Iran simultaneously launched a counterattack. Here is the latest update on the Middle East situation:

Conflict Update

The US launched a new round of strikes against Iran. Iran's key energy hub port was attacked, and multiple locations along the southern coast of Iran were bombed.
President Trump stated: The US is striking Iran, and if Iran dares to retaliate, it will be nearly wiped out.

The Iranian Revolutionary Guard retaliated by shooting down a US MQ-9 drone. Explosions were reported in Erbil, Iraq. Jordan and Bahrain's US bases were attacked.

Iran: We will undoubtedly respond multiple times and will severely strike US military bases.

Iran threatened Bahrain and Kuwait: "The gift is on its way."
Iran: The current situation does not allow a return to the Memorandum of Understanding signed with the US.
President Trump reiterated: The agreement reached with Iran is worthless, as Iran has been given many chances. If they make another mistake, Iran will be completely obliterated.

Hormuz Strait

The passage of merchant vessels through the Hormuz Strait saw little change on Monday, remaining in single digits.

Two super oil tankers were hit by shells in the Hormuz Strait.

US Treasury Secretary Benson: The Hormuz Strait will achieve "detour passage" within two years.

Iran: The US will not be allowed to let ships pass through the southern line of the Hormuz Strait.

The US military has redirected 84 commercial vessels, with another 3 vessels rendered inoperable.