The conflict between the United States and Iran has intensified with renewed missile and drone attacks over the Strait of Hormuz, a critical shipping route for global oil.After Iran declared the strait closed following unauthorized transit by a U.S.vessel, President Donald Trump vowed to take control of the waterway and seek reimbursement.Iranian Revolutionary Guards retaliated by targeting U.S.military facilities in Bahrain, Kuwait, Oman, and Jordan, while the U.S.struck Iranian air defense systems and coastal radar sites.The dispute threatens an interim agreement to halt hostilities and has driven up oil prices, with Brent crude rising over 3%.Both nations accuse each other of breaking ceasefire terms, with Trump claiming Iran consistently violates deals.Iran's top negotiator warned that one-sided agreements are over, emphasizing the need for mutual compliance.Control of the strait remains a key battleground, impacting global energy markets and inflation concerns.

The conflict, which began in February 2026, has caused significant casualties and disrupted shipping, with vessel traffic through the strait dropping by 52% compared to previous weeks.