In a primetime address to the nation, Trump said the US was "winning big in Iran" and the public would see "the fruits of that labour". However, a deal seems far out of reach as fighting in the region continues to escalate.

Trump says he is instituting 20 percent levy on travel through Strait of Hormuz as conflict resumes

Oil prices rise as the US renews a blockade on Iranian ports and carries out a wave of air strikes.