US airstrikes target bridges and a port in southern Iran, aiming to weaken Tehran's control over the Strait of Hormuz, prompting Iranian retaliation.
Escalating U.S.-Iran conflict triggers fears of sustained global economic disruptions, including higher energy and air travel costs.
Iran launches naval drills in the Strait of Hormuz amid rising US military presence, increasing regional tensions.
US abandons plan to tax ships in Strait of Hormuz amid escalating Iran tensions, averting potential energy price hikes.
Trump's proposed 20% Hormuz toll conflicts with his administration's stance on international law.
US and Iran engage in intensified military strikes targeting strategic assets, raising regional tensions and global economic concerns.
Iran claims control of the Strait of Hormuz and new strikes on US targets, but President Trump denies the blockade.
Iran's actions in the Strait of Hormuz have pushed crude oil prices past pre-war levels, highlighting its influence on global energy markets.
Iran's top diplomat is in Oman for talks following recent clashes between U.S. and Iranian forces in the Strait of Hormuz.
Analysts warn Iran's tanker attacks in the Strait of Hormuz risk a severe international response and could backfire.