WATCH: Iran peace deal elusive as new strikes escalate tensions

A tense standoff between the United States and Iran has escalated, with strikes hitting Iranian military and maritime targets, while Tehran retaliated with missile and drone attacks on U.S. facilities across the Gulf and the broader Middle East. The confrontations have raised concerns over the security of the Strait of Hormuz, a crucial global energy route.

Iran reported that two tankers were hit by mines while navigating through the strait with US assistance. The U.S. reported no casualties from its latest strikes, though Iran claimed to have killed American forces in Jordan and Iraq. Both sides accused each other of targeting civilians, with the U.S. affirming it does not target civilians.

Concerns are mounting over the potential impact on global energy markets, as the Strait of Hormuz handles around 20% of global oil and liquefied natural gas shipments. Iran has also blacklisted 11 more ships, threatening fines, confiscation, or detention for any vessels attempting to pass through the strait without its permission.