The US Navy has reportedly attacked three Iranian ships in the Persian Gulf.
Sources say the merchant vessels were struck during strikes on the Iranian port city of Bandar Abbas. Video and pictures circulating on social media show flames and huge plumes of smoke blowing from the ships.
Oil prices have surged to more than $100 per barrel amid increasing fears over supplies from the Middle East as global markets including the FTSE 100 showed signs of panic when trading opened.
An emergency meeting of the G7 has been called for today, where crisis options including the release of oil reserves will be discussed.
Donald Trump has said he and Israeli Prime Minister Benjamin Netanyahu will make a ‘mutual’ decision on when to end the war with Iran as Pete Hegseth guaranteed Tehran ‘will surrender’.
Speaking by phone with The Times of Israel , Trump said Netanyahu will have input on resolving the conflict. ‘I think it’s mutual … a little bit. We’ve been talking. I’ll make a decision at the right time, but everything’s going to be taken into account,’ said Trump.
Last night Pete Hegseth guaranteed Iran ‘will surrender’ in the war but Tehran has today rejected any prospect of laying down its weapons for a ceasefire.
Follow the latest updates on the US-Israel war with Iran
Iranian ships attacked in Persian Gulf and oil prices surge: Everything you need to know
Three Iranian merchant ships have reportedly been attacked by the US Navy during airstrikes on the port city of Bandar AbbasNATO have shot down a second Iranian missile in Turkish airspace Oil prices rise to above $100 a barrel for first time in four years as global markets slid at the start of tradingDonald Trump says he and Benjamin Netanyahu will make ‘mutual’ decision on when to end Iran warVladimir Putin offers ‘unwavering support’ to Iran’s new Supreme Leader Mojtaba KhameneiBahrain’s only oil refinery has been struck by an Iranian missile as Tehran targets energy installations across the GulfThe UAE confirmed two members of its armed forces were killed in a helicopter crash when the aircraft malfunctioned during the defence against Iranian dronesPete Hegseth, the US Defense Secretary, last night guaranteed Iran will ‘surrender’ and President Donald Trump will set the terms of their defeatMojtaba Khamenei, the 56-year-old son of Iran’s late supreme leader Ali Khamenei, was selected by the country’s Assembly of Experts to succeed his fatherIranian state television has reported Khamenei is ‘wounded’ but did not elaborate on how the injuries were causedFrance to escort ships through Strait of Hormuz
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Oil prices surge and Hegseth guarantees a ‘surrender’: Key developments in Iran war
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France sends ships to re-open Strait of Hormuz as war sends oil price soaring and US-Israeli strikes batter Iranian ships – live updates