UPDATE: New US strikes on Iran, bonds selloff and Bank of America stabbing

Hi, I'm Carmel Crimson Dublin and I'm Christopher Walgespur in Chicago. It's Tuesday, September 1st. Today, the U.S. launches new strikes on Iran. The global bond market sell-off continues as G-20 finance ministers meet in North Carolina. The Army Secretary resigns after months of tension and progresses win over Black voters come November. This is Reuters World News, bringing you everything you need to know from the front lines in 10 minutes, 7 days a week. The U.S. has launched new air strikes on Iranian targets, quashing hopes that a renewal of hostilities over the weekend might have been a one-off. U.S. Central Command posted on X that the strikes followed attempted attacks by Iran's revolutionary guards against commercial shipping in the Strait of Hormuz and against American service members deployed to the region. Iran's state broadcaster says there have been reports of explosions on Iran's Kesham Island on the northern side of the strait. Now this is a developing story, so stay across Reuters.com and the Reuters app for all the latest. U.S. Army Secretary Dan Driscoll is resigning following months of tension with Defense Secretary Pete Hegseth. A source says Driscoll clashed with Hegseth over army transformation and readiness efforts. His departure is the latest in a series of resignations and firings from the Pentagon, and it comes at a tricky time with the war in Iran continuing and thousands of U.S. troops deployed in the Middle East. Sticking with Iran, the White House is walking back a social media post from President Donald Trump about the war. The post on Truth Social, accompanied by an AI-generated video of explosions, says Iran's main oil export-herbed-carg island has been "blown to smithereens." But Vice President J.D. Vance says the post was meant as a message to Iran, not a sign of new military action. President likes to switch it up on social media a little bit. He would be the first to say he doesn't make an announcement about military actions on social media. But I think that he's sitting in best cheesy range. A U.S. official says American forces didn't target carg island and strikes. White House reporter Jacob Bogage says the president's use of social media as a tool of foreign policy carries significant risks. There are two ways to look at the president's post, which is what makes it difficult. The first one is that the president likes to have a little fun on social media and likes these AI-generated images or videos, and so this is just the president expressed to himself. And folks ought not to read into that. The second one is that this is a message from the President of the United States to allies, adversaries, and markets. I hear from sources all the time that the best way to tell what the president wants or what the president's thinking is to look at Truth Social, even though White House press office, direct journalists, they say don't ask us questions, look at Truth Social, this is what the president is talking about and thinking about. A sell-off in global bond markets is deepening in the latest manifestation of investor angst about inflation and government debt levels that could bring fresh pain for consumers and businesses. Japan's 10-year yield has hit 3 percent for the first time since 1996. News in the U.S., Germany, and Britain also surged to multi-year highs. The unrest in bond markets comes as finance ministers from around the world gather in Asheville, North Carolina this week. And at a parallel G20 tech summit in Chapel Hill, the U.S. is pushing member nations to hold off on new AI regulation. U.S. tech adviser Michael Kratzios, co-hosting the meeting with Commerce Secretary Howard Lutnik, is urging countries to adopt what it calls the Carolina principles. That's a hands-off approach that reserves new regulation for specific novel issues. The strategy aligns with American tech giants who want fewer restrictions as they compete with China's rapidly advancing AI sector. Chinese models are gaining ground globally and raising both competitive and security concerns. Many leaders, including Sam Altman and Jensen Huang, are separately set to address ministers this week, while a UN panel has warned AI development is outpacing government policy. Bank of America has confirmed that one of their vice presidents was killed in a stabbing at Times Square on Monday. The NYPD says Aaron Piacenti sustained stab wounds in the incident and was later pronounced dead, calling it a "random, unprovoked attack." Bank of America says the company is shocked by the tragic loss. In Nepal, rescue workers search hydropire tunnels for hundreds of people trapped inside. Nearly 5,000 people are still missing after the deadly deluge of ice, rock, mud and debris on the Nepal Tibet border last week, including at least 900 hydropire workers. Nepal has seen a boom in hydropire projects since the turn of the century, hoping to use the Himalayan water resources to generate electricity. The Nepal army is using controlled blasts, excavators and searchlights to clear water and mud and reach trapped people inside the tunnels. Chinese and Indian experts are lending their expertise to the rescue operations. Indian Americans are opposed to President Trump's latest moves against Canada. That's according to a new Reuters Ipsos poll. The 3-day poll, which concluded on Sunday, found that 6 in Tan Americans are opposed to his renaming of Lake Ontario to Lake America, and just a 5th support his tariff hikes on Canadian goods. In the US, a second body has been discovered in Grand Canyon National Park after flash flooding over the weekend. The water destroyed trails and bridges and forced the helicopter evacuation of dozens of hikers. The park service says one person is still unaccounted for. Parts of the park remain open, but overnight stays are closed and more thunderstorms are forecast this week, which could complicate rescue efforts. The Supreme Court is clearing the way for President Trump to continue construction of a massive ballroom at the White House while legal challenges play out. Five of the courts conserved of justices concluded that the National Trust for Historic Preservation lacked the legal standing to sue and say the government would likely suffer irreparable harm if the project is blocked, citing national security. Chief Justice John Roberts and the court's three liberals descended. Roberts wrote in descent that the construction was likely unlawful, noting Congress has authority over federal property in the capital. Costco, China's giant state-owned shipping company, is using concealed equipment on its vessels to spy on military communications near US and Allied coastlines. That's according to two senior Trump administration officials. The officials say Costco has for decades had a partnership with Beijing gathering signals from ships and aircraft across Europe, North America, and Asia. And as embassy in Washington, D.C. rejects the allegations. The claim comes as President Trump and Chinese leader Xi Jinping prepare to meet in Washington , D.C. later this month, to talk security and trade. Costco is deeply embedded in the U.S. supply chain, making any crackdown complicated. Progressive candidates, some affiliated with the Democratic Socialists of America, have not a moment this summer during the primaries, but the movement faces a critical test. Cannot win over black voters in November's elections. It's a constituency central to the Democrats' hopes of regaining control of Congress in November's midterms. Our race and justice reporter Bianca Flowers has been talking to black voters. Some were skeptical of D.C. online candidates, particularly if they seem to be more invested in ideological debates rather than local needs and concerns of communities of color. The Democratic Socialists of America have spoken largely about the very anti-war in the Middle East and other issues called to be fund of the police, which isn't really that popular in black communities. And one thing that we found that voters really were in tune with was outreach in the community. And grassroots organizing, and that happening long before election time. Bianca says that was a challenge for Michigan Democrat Abdul-El-Sahid, who in the primary was a vocal advocate for ending U.S. involvement in the wars in Gaza and Iran. She says one progressive candidate that has garnered early confidence from black voters is Florida Senate candidate Angie Nixon. What appeared to work for Nixon was censoring her message around mutual aid, censoring it on health care, child care, paper rental leave, housing, immigration affordability. And we're also running on her own record and platform rather than selling voters on whether she was D.S.A. Line or B.S.A. affiliated. And connecting with those communities through organizing and sustained engagement is what Angie has told me herself has really worked. galvanized black support around around her campaign. A jury has found ex-gang leader Dwayne Kephadee Davis guilty of first degree murder for the 1996 drive-by shooting of rapper Tupac Shakur. The 63-year-old now faces life in prison without parole. Davis says he plans to appeal. 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