The two countries exchanged attacks, reigniting their war over the waterway. The U.S. prepared to restart a blockade of Iran’s ports on Tuesday.

Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.

The U.S. military announced it will begin its blockade of Iranian ships over the Strait of Hormuz on Tuesday, as Iran vowed to assert its own control over the critical international waterway.

President Donald Trump offered a sharply revised review of Iran’s leaders as the tenuous ceasefire between the US and Tehran looks to be more endangered than ever.

The U.S. launched strikes on Iran early Tuesday morning, hours after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz. Trump separately suggested the United States will charge other ships for safe passage,

European shares opened lower ‌on Monday, after sharp losses last week, as escalating hostilities between the United States and Iran prompted Tehran to ​close the Strait of Hormuz, rattling investors.