The U.S. and Iran exchanged fire in the Strait of Hormuz on Thursday, a U.S. official confirmed to Axios. Iranian state media reported that three U.S. destroyers were targeted by the Iranian navy, while the U.S. official said the U.S. conducted strikes on ...

Bahrain has said Iran fired ballistic missiles and drones at it and Kuwait, hours after the US and Iran exchanged strikes over the Gulf, the latest in a series of flare-ups that threatened to break the fragile ceasefire.

Iranian media reported an exchange of fire between Iranian and US forces near the Strait of Hormuz, amidst a shaky ceasefire between the two countries.

US and Iranian negotiators have reached a potential agreement to reopen the Strait of Hormuz and begin nuclear talks, the White House confirmed Thursday. President Trump would still have to sign off on the proposal as the White House blasted early reports of a deal on Wednesday as “propaganda.

Iran’s influence over the strait will persist regardless of any deal with Washington, fundamentally reshaping global energy security.

Oil prices rose after US and Iranian forces exchanged fire at the Strait of Hormuz, the first clash since the 7 April ceasefire, stoking fresh supply fears in a key global shipping lane.

Oil prices pared gains after Iran said it ended military operations against Israel, easing fears that the latest exchange of fire could derail regional efforts to end the war and reopen the Strait of Hormuz.

Oil prices erased most of their earlier gains on Monday morning after Iran signaled that it had concluded the latest military operation against Israel.