DUBAI/WASHINGTON, D.C.— The United States and Iran traded air attacks for a second straight day on Thursday, with US President Donald Trump vowing further strikes if Tehran does not immediately agree to a peace deal.

Oil prices rose on Friday after the US and Iran exchanged fire in the key Strait of Hormuz waterway. The US said it made self‑defence strikes in response to "unprovoked" Iranian attacks as US ships were heading out of the Gulf through the strait,

With the latest exchanges of fire between the United States and Iran, the war in the Persian Gulf and its fragile ceasefire — marked by increasingly serious skirmishes — has entered a new phase, the most dangerous yet,

Iran responded to U.S. strikes, which followed the crash of an American Apache helicopter.

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.

President Donald Trump earlier accused Iran of shooting down the US helicopter over the Strait of Hormuz and vowed to respond.

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.

US and Iran exchanged military strikes near the Strait of Hormuz after an Apache helicopter was downed. Oil surged while Bitcoin showed resilience amid