Middle East oil producers are finding more ways to evade Iranian threats and push more of their product to market.

The strike comes after weeks of ceasefire between the countries, sparking a new vow of retaliation from Tehran.

The exchange on Sunday was the first known military action between the two nations in a month, raising the risk of a renewed round of fighting.

Iran and US resume strikes in Strait of Hormuz after America hits rocket launchers it says were laying sea mines. We report from Washington. Also: Kemi Badenoch reshuffles her shadow cabinet replacing Priti Patel and Mel Stride.

The rekindling of hostilities caused oil prices to rise by 2%, sending benchmark Brent Crude above $90/barrel again. The war has caused maritime traffic through the Strait of Hormuz to drop to nearly non-existent levels. Only an average of 5 ships a day have been traversing the Strait in August, down from more than 130 per day before the war.

U.S. forces conducted a strike on an Iranian launch site on Larak Island in the Strait of Hormuz. The attack targeted Iranian forces preparing to deploy sea mines into the waterway. This is the first publicly disclosed U.

Iran is finalizing a deal with Oman on new shipping routes through the Strait of Hormuz, but an agreement between the two coastal nations would not by itself reopen the waterway as US President Donald Trump hopes.

Analysts say it’s implausible but Iran is well-versed in adapting conventional weapons to suit its needs.

Fox News chief correspondent Jonathan Hunt reports from Tel Aviv on tension in the Strait of Hormuz as the United States and Iran claim control on ‘Fox Report.’

Nearly half a year into the US-Iran war, global oil stockpiles are rapidly diminishing as traffic through the Strait of Hormuz remains effectively stalled and the two powers at the center of the hostilities argue about who controls the critical waterway.

The last major U.S. strikes on Iran were carried out in late July.