US and Iran exchange fresh military strikes, escalating conflict and prompting President Trump to announce a renewed naval blockade on Iran and control of the Strait of Hormuz.

Oil prices surged as the U.S. and Iran returned to conflict in the Strait of Hormuz, with both sides launching military strikes. President Donald Trump declared an interim agreement to end the war 'over' and announced Washington would immediately reimpose a naval blockade on Iran, asserting control over the Strait of Hormuz to ensure commercial shipping. The U.S. Central Command stated it carried out strikes against Iranian military targets to degrade Tehran's ability to attack international shipping, while Iran's Revolutionary Guard Corps claimed authority over the region and retaliated with strikes against U.S. targets in Gulf neighbors.