US-Israeli attacks have killed at least 787 people in Iran, according to the Red Crescent Society; global markets spooked. What we know on day five of war

US-Israel war on Iran – live updates

The US military has claimed that the number of strikes carried out on Saturday in the first 24 hours of its war on Iran was nearly double that of the “shock-and-awe” strikes on Iraq in 2003, and that nearly 2,000 targets had been hit so far in Iran. Cooper also said the US was also sinking “all of the Iranian navy” and had already destroyed 17 Iranian ships.

The US navy could begin escorting oil tankers through the strait of Hormuz if necessary, President Donald Trump said on Tuesday, in one of the administration’s most aggressive steps yet to attempt to contain soaring energy prices sparked by the war.

Global oil and gas prices have spiked as the war has halted energy exports from the Middle East. Iran has attacked ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.