Iran-US conflict escalates as the US resumes military strikes and naval blockade on Iran, imposing a 20% fee for shipping through the Strait of Hormuz. Iran vows retaliation amid rising oil prices and regional tensions.

Oil prices were little changed on Thursday after a three-day rally, with investors closely tracking escalating hostilities between the US and Iran and the growing threat to energy supplies passing through the Strait of Hormuz.

By Nayera Abdallah, Jana Choukeir and Eman Abouhassira DUBAI, July 16 (Reuters) - Iran and the United States exchanged intensified fire on Thursday in a week-long escalation that has all but torn up

Strikes have hit closer to Tehran for the first time since the latest wave of attacks started.

India, July 16 -- US-Israel-Iran War Latest News: Israeli forces launched a series of air and artillery strikes on the Nabatiyeh district in southern Lebanon, targeting areas like Deir al-Zahrani and Deir Siryan.

Follow The Hindu LIVE for the latest updates on the war in West Asia as the Iranian Army says it targeted U.S. military facilities in Jordan.

Iran and the United States exchanged intensified fire on Thursday in a week-long escalation that has all but torn up last month’s truce, but Iran’s release of a US citizen was seen as signalling a path to avert the resumption of all-out war.

The US military said one of its aircraft fired on and disabled an empty oil tanker that was trying to break the naval blockade of Iran’s ports

Iran's Islamic Revolutionary Guard Corps (IRGC) said it struck a US base in Jordan as American strikes continued to hit the country. The IRGC said it carried out the Jordan attack in retaliation for a strike launched from the base that hit "the vicinity of a children's cancer hospital".

US-Iran war LIVE: The US conducted a new wave of strikes against Iran's coastal defence systems and cruise missile storage and launch sites on Wednesday after reimposing a naval blockade of Iranian ports,