The United States and Iran have exchanged new strikes after a week in which President Donald Trump suggested that negotiations between them might be “over.”

Renewed hostilities between the US and Iran have also heightened safety and security concerns around the Strait of Hormuz.

Trump did not explicitly say Washington would return to full-fledged war with Iran and it was not immediately clear whether or not the negotiations on reaching a permanent deal…

Global markets and oil prices lurched after the United States and Iran traded new strikes. The conflict threatened lives throughout the region and foreign residents of Gulf…