US aircraft struck Iranian rocket launchers on Larak island in the Strait of Hormuz, a narrow waterway that much of the world's oil ships through.
Two Filipino sailors died when a Saudi oil tanker, the Sidr, was hit in the Strait of Hormuz, the narrow waterway ships use to carry oil out of the Persian Gulf.
Fighting in the Middle East has kept oil above $90 a barrel after the Strait of Hormuz, a key shipping route for oil tankers, was shut down.
Oil prices rose above $90 a barrel after the Strait of Hormuz, the main route ships use to carry oil out of the Gulf, stayed closed during the Iran conflict.
Iran's parliament speaker said Tuesday that forces will keep the Strait of Hormuz, a narrow sea passage that much of the world's oil ships through, closed until the US meets terms from an earlier agreement.
The US Defense Secretary said the Navy's blockade around the Strait of Hormuz, a narrow sea passage next to Iran through which much of the world's oil passes, can go on indefinitely.
Iran's foreign minister, Abbas Araghchi, says talks with Oman to reopen the Strait of Hormuz are almost finished, but Iran now wants compensation for war damages and other unnamed conditions met first.
A cargo ship was hit by an unidentified projectile early Tuesday in the Strait of Hormuz, a narrow waterway off Oman through which much of the world's oil is shipped, Britain's maritime watchdog UKMTO said.
Iran launched a new round of missile attacks, and United States and Saudi Arabian forces struck Iran-backed militia groups in Iraq, according to news reports.
Two officials in the region told the Associated Press that mediators trying to stop the war in Iran are making real progress.
The floated 10-day ceasefire has not held: US strikes reach a 13th night, Trump threatens a 'bigger' offensive, and oil above $100 turns a regional war into a worldwide price shock.
The ECB left rates unchanged but kept a September hike on the table — and the deciding factor is now the oil price, not the domestic economy.