US and Iran Exchange Strikes Amid Escalating Conflict, Naval Blockade Reimposed in Strait of Hormuz

The United States has reimposed a naval blockade on Iran and conducted further strikes on Iranian military targets, while Iran retaliated with missile and drone attacks on US bases in Jordan, Bahrain, and Kuwait, as well as commercial ships. President Trump also backed away from plans to charge fees for passage through the Strait of Hormuz. This escalation threatens global energy supplies and shipping.