US hits targets in port cities of Bushehr and Bandar Abbas while Iran targets Bahrain and Jordan in retaliation

President Donald Trump said the US would probably launch further strikes on Iran and could resume a blockade on the country’s ports, ratcheting up pressure on Tehran and raising the prospect of a return to all-out war.

Follow the latest developments as Tehran and Oman move closer to a Strait of Hormuz deal while strikes continue across the region

U.S. President Donald Trump said Monday that Iranian ships will no longer be able to travel through the Strait of Hormuz and America would charge a 20% toll on other countries' eligible cargo, escalating tensions after weekend of attacks by both nations to assert control of the critical waterway.

Trump threatened Tehran with "decapitation" Monday, before Yemen's Iran-backed Houthis claimed to have struck a Saudi airport.

There have been conflicting signals from the US and Iran, with Tehran denying President Trump's assertion that talks are under way.

Iran and Oman are close to agreeing on new arrangements for the Strait of Hormuz, but not for a full reopening of the vital waterway, Iran's state news agency says. The labor union representing Treasury Department and Internal Revenue Service workers asked a judge Thursday to block a sweeping tax audit immunity agreement for President Donald Trump,