The U.S. and Iran are fighting for control of the Strait of Hormuz, threatening a return to all-out war after agreeing to a ceasefire last month.

The US president says the planned levy will be replaced by trade and investment deals with various Gulf states.

The US-Iran conflict has entered one of its most dangerous phases as Washington expanded its military campaign into a sixth consecutive night of strikes, targeting military sites as well as key infrastructure across southern Iran.

The United States and Iran each are asserting they control the Strait of Hormuz after a weekend of attacks stretching across the wider Middle East.

Iran said it launched missiles and drones against U.S. military sites.

Six days into renewed back and forth strikes, Iranian military officials are threatening to carry out strikes against all infrastructure throughout the region if the U.S. goes through with President Trump's threat to hit Iran's infrastructure.

The United States has expanded its airstrike campaign against Iran by hitting more bridges and collapsing a tower at a key Iranian port