Sep 1 — US-Iran strikes, Canada tariffs, and a Cronos hack

• US forces hit Iranian rocket launchers near the Strait of Hormuz; Tehran retaliated with missiles and drones at US bases in Jordan — a direct military exchange that threatens roughly a fifth of global oil flows and risks a… • Canada imposed 50% retaliatory tariffs on roughly $20 billion in annual US imports — escalating the North American trade war raises input costs, strains USMCA supply chains, and adds stagflationary pressure. • The Cronos network halted after an exploit of lending protocol Tectonic drained an estimated $75 million — a full chain shutdown raises serious questions about DeFi security and the decentralization of exchange-linked blockchains.