Iran claims US strikes in Hormozgan province breached a seven-week ceasefire. The US military states the strikes were defensive, targeting missile sites and mine-laying boats. Iran warns of retaliation. Meanwhile, US Secretary of State Marco Rubio emphasizes the need for the Strait of Hormuz to remain open. Iran seeks the release of frozen funds. Global oil prices saw an increase.

The U.S. attacked missile launch sites and Iranian vessels in the Strait of Hormuz on Monday.

The fragile ceasefire between the United States and Iran came under fresh strain on Monday after US forces carried out what Washington described as “self-defence” strikes on…

Fresh US strikes draw Iranian anger as negotiators edge towards a Hormuz deal