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The strikes came hours after Trump and US Defence Secretary Pete Hegseth issued warnings that Washington was prepared to target key Iranian facilities and intensify military action.

uS President Donald Trump claimed on Truth Social that he directed a secret military mission last month to secure commercial shipping through the Strait of Hormuz. what it mean for crude oil prices?

Three Indian crew members aboard the oil tanker Settebello were confirmed dead after the vessel was struck near the Strait of Hormuz.

US President Donald Trump warned Iran of further military strikes if it rejects US peace terms, as tensions escalated following fresh attacks on Iranian targets.

With Iran digging in on its complete closure of the strategic Strait of Hormuz and the US enforcing a rigid naval counter-blockade, observers speculate that a prolonged disruption to the world's primary energy transit corridor will rapidly push inflation past current limits, shatter global equities.

President Donald Trump reacted to the inflation figures, saying, Good numbers. I like it. I like inflation. He added that inflation could decline once oil supplies through the Strait of Hormuz return to normal.

The US and Iran continue to exchange strikes amid the recent escalation in the conflict in the Middle East.

The latest escalation follows the crash of a US AH-64 Apache helicopter near the Strait of Hormuz earlier this week.

The US military said it attacked the oil tanker, MT Settebello, after it tried to "violate" the blockade put up by the US outside the Strait of Hormuz, off the Oman coast.

NEW DELHI: All three Indian sailors who were reported missing after a US attack on a commercial vessel near the Strait of Hormuz have been confirmed dead, Union minister Sarbananda Sonowal said on Thursday.