The United States has launched a new wave of airstrikes against Iranian military targets in the Middle East, while Iran has warned it will block key trade routes unless the US halts its 'acts of aggression'.

The Islamic Revolutionary Guard Corps (IRGC) declared the Strait of Hormuz would remain closed until the US stops its attacks, threatening to shut down regional oil and gas exports.

This comes as US Central Command confirmed strikes on Iranian targets, with tensions rising amid Donald Trump's warning that the US could take 'further action' if a deal isn't reached.The conflict is impacting global oil prices, with Brent crude reaching a one-month high of $84.95 per barrel.

Iran's top negotiator claimed the country is in an 'existential war' with America, while US officials stated strikes aim to disrupt Iranian military capabilities before potential larger operations.Shipping through the Strait of Hormuz has plummeted, and Iran has vowed to close other energy export routes benefiting the US and its allies.An interim ceasefire deal signed last month has stalled, with Iran focusing on defense rather than negotiations.