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
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UAE faces barrage of 15 ballistic missiles
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Iranian ships attacked in Persian Gulf and oil prices surge: What you need to know this afternoon
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NATO shoot down second Iranian missile in Turkish airspace
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FTSE plunges as mounting oil crisis sparks panic in the markets
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Trump dismisses oil price surge as ‘small price to pay’
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What we know about Mojtaba Khamenei – Iran’s new Supreme Leader
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G7 to discuss release of emergency oil reserves
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Bahrain’s state oil company declares force majeure after Iran strikes refinery
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Pete Hegseth guarantees Iran ‘will surrender’ but Tehran rejects ceasefire
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Oil prices rise to above $100 a barrel for first time in four years
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Oil prices surge and Hegseth guarantees a ‘surrender’: Key developments in Iran war
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