The United States launched a third round of strikes on Iran. Iran retaliated by attacking US military bases in Jordan and Bahrain. Two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz. Oil prices pared gains after President Trump announced new trade deals. Global markets saw mixed reactions as attacks continued in the region.

Iran responded to the latest US attacks by targeting Gulf nations, with the powerful Revolutionary Guards announcing new strikes on Bahrain, Jordan and Kuwait.

Higher energy prices, especially for gasoline, are politically sensitive for Trump ahead of November's congressional elections.

The United States launched a third round of strikes on Iran. Iran retaliated by attacking US military bases in Jordan and Bahrain. Two Emirati oil tankers were struck by Iranian…