US and Iran Exchange Strikes Amid Strait of Hormuz Closure and Diplomatic Overtures

The United States and Iran have engaged in recent missile exchanges, with US forces striking Iranian radar sites and Iran reportedly targeting US bases in the Gulf. These military actions coincide with diplomatic efforts, as President Trump expressed willingness to meet Iran's Supreme Leader if a peace deal is achieved. The escalating tensions have resulted in the effective closure of the Strait of Hormuz, causing global oil supply disruptions and a surge in prices.