Iran has threatened to halt all Persian Gulf oil exports and retaliate against any neighbouring countries participating in a fresh US economic campaign.

Washington is considering scaling back its military presence in the Persian Gulf following facility damage during the ongoing conflict with Iran.

Iran's military command dismissed former US President Donald Trump's assertion of total control over the Strait of Hormuz as fabrications. Iranian officials insist that commercial vessels must obtain permission and pay transit fees to navigate the passage.

The escalating conflict has triggered a US naval blockade and widespread diplomatic withdrawals as Iranian drone strikes target facilities across the Gulf.

Hostilities in the Persian Gulf have intensified as Iran targets U.S. military bases and critical infrastructure across multiple nations, ending the ceasefire.

The administration is pivoting to new investment agreements with Gulf partners as the interim peace deal with Iran collapses following renewed military strikes.

The U.S. military launched strikes against Iran after three commercial vessels were attacked in the Strait of Hormuz, effectively ending a fragile memorandum.