US and Iran Exchange Strikes as Tensions Mount in Strait of Hormuz

The United States and Iran have engaged in military strikes against each other, marking a significant escalation in regional tensions. This follows reports from Bahrain and Kuwait of intercepting Iranian attacks, alongside new US airstrikes targeting Iran. The renewed hostilities come after a ceasefire collapsed and Iran began asserting control over commercial shipping in the Strait of Hormuz, leading to a rise in oil prices.