Edited by
Orla Ryan and Sarah Provan in Hong Kong
FT reporters
Main developments
The US and Iran exchanged fire in the Strait of Hormuz in an escalation that put a ceasefire between the warring nations under fresh strain.
US President Donald Trump said the US had struck Iran in response to an attack on American warships exiting the Strait of Hormuz and warned of a more violent response. But he later described the attack on Iran as a âlove tapâ and said the ceasefire was still âin effectâ.
US Central Command, which oversees Washingtonâs military operations in the Middle East, said the American strikes were an act of âself defenceâ following âunprovoked Iranian attacksâ on US forces.
The Pentagon said Iran launched missiles, drones and small boats at three American destroyers that were transiting the Strait of Hormuz into the Gulf of Oman on Thursday.
Tehranâs Khatam al-Anbiya Central Headquarters said the US air strikes had targeted parts of Iranâs coast, including Bandar Khamir, Sirik and Qeshm Island, and had happened âwith the co-operation of some regional countriesâ. Iranian forces responded by attacking US warships.
The escalation sent oil prices higher. Brent crude was up 3.3 per cent at $103.37 a barrel in after-hours trading. West Texas Intermediate, the US marker, was up 2.5 per cent at $97.18.
The attacks on Thursday followed clashes earlier in the week after Trump launched what he called a âhumanitarianâ operation to âguideâ merchant vessels through the Strait of Hormuz, which Iran had in effect closed during the two-month war.
Iran said this week it was studying a US proposal to end the war, reopen the strait and reach a deal over the Islamic republicâs nuclear programme in return for sanctions relief and the unfreezing of some overseas assets.
About a fifth of the worldâs oil and liquefied natural gas normally passes through the Strait of Hormuz. The US has also imposed its own blockade of the strait to prevent Iranian vessels exiting it.
Steff ChĂĄvez in Washington
Trump threatens Iran with âa lot of painâ
Donald Trump threatened Iran with âa lot of painâ if Tehran does not make a deal with Washington.
The US president said the US and Iran were still negotiating, but that it was not clear if the warring countries would reach a deal.
âWeâre negotiating with the Iranians,âTrump said on Thursday. A deal âmight not happen, but it could happen any dayâ.
âThey better sign their agreement fast,â he said. âIf it doesnât get signed, theyâre going to have a lot of pain.
His comments came after American forces struck Iranian targets in southern Iran in retaliation for attacks on US naval ships in the Strait of Hormuz.
Trump described the exchange of fire as a âtrifleâ. âThey trifled with us today. We blew them away. They trifled. I call that a trifle.â
The US president said that he would not need to announce any cessation of the ceasefire because âyouâre going to have to look at one big glow coming out of Iran.â
Steff ChĂĄvez in Washington
US says it conducted strikes on Iran
The US carried out more air strikes on Iran in response to âunprovoked Iranian attacksâ on American forces, the Pentagon said on Thursday.
The US Central Command, which oversees American military operations in the Middle East, said Iran had launched missiles, drones and small boats at three American destroyers transiting the Strait of Hormuz into the Gulf of Oman on Thursday.
US forces âinterceptedâ the attacks and âeliminated inbound threatsâ, Centcom said, but added that it did not seek âescalationâ.
The US hit targets in southern Iran, according to a US official, including missile and drone launch sites, command and control locations, and intelligence, surveillance and reconnaissance nodes.
Andrew England in London
Iran accuses Washington of violating ceasefire after US strikes
Iranâs military said the US had launched air strikes against an Iranian tanker and another ship that was travelling towards the Strait of Hormuz, accusing Washington of violating a fragile ceasefire.
The Khatam al-Anbiya Central Headquarters also accused the US of conducting air strikes in areas along the coast, including Bandar Khamir, Sirik and Qeshm Island, saying it acted âwith the co-operation of some regional countriesâ. It said Iranian forces responded by attacking US warships.
The air strikes appeared to be one of the most significant US military assaults on Iranian targets since the warring parties agreed to the ceasefire on April 8.
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James Politi in Washington
Trump warns US to hit Iran âa lot more violentlyâ if peace deal not signed
Donald Trump said the US would hit Iran âa lot more violentlyâ if Tehran does not sign a peace deal, after launching strikes at targets in southern Iran as tensions rose in the Strait of Hormuz.
The US president issued his threat on Thursday, after US and Iranian forces exchanged fire in the strategic waterway.
Trump confirmed that Iran had attacked three US destroyers. âA normal Country would have allowed these Destroyers to pass, but Iran is not a normal Country,â he wrote on Truth Social.
âJust like we knocked them out again today, weâll knock them out a lot harder, and a lot more violently, in the future, if they donât get their Deal signed, FAST!â he said.
The exchange of fire between the US and Iran came as the two countries are discussing a possible framework for a peace deal.
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Steff ChĂĄvez in Washington
Trump says US-Iran ceasefire remains intact
US President Donald Trump has said the ceasefire between Washington and Tehran remains intact, following an exchange of fire between American and Iranian forces in the Strait of Hormuz.
The American strikes on military facilities in southern Iran â which the US military said were in retaliation for unprovoked Iranian attacks on three warships â were âjust a love tapâ, Trump told ABC News.
âThe ceasefire is going. Itâs in effect,â he added.
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