The US military says it has attacked Iran's missile launching sites along the Strait of Hormuz using powerful "deep penetrator" bombs.
"Hours ago, U.S. forces successfully employed multiple 5,000-pound deep penetrator munitions on hardened Iranian missile sites along Iran's coastline near the Strait of Hormuz," the US Central Command said on X Tuesday night. "The Iranian anti-ship cruise missiles in these sites posed a risk to international shipping in the strait," it added.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.