US strikes in southern Iran jolted oil markets even as Washington and Tehran pursued a draft war deal in Doha. The moves underscored how quickly the Strait of Hormuz crisis could swing between de-escalation hopes and fresh disruption.

The United States Central Command, CENTCOM, on Monday launched what it described as self-defense strikes in southern Iran. CENTCOM spokesperson

US forces struck missile-launch sites and boats trying to emplace mines, the US Central Command said. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices nosedived Monday amid hopes of a deal to end the war in Iran and reopen the Strait of Hormuz.

The United States Central Command said US forces carried out “self-defence strikes” in southern Iran on Monday, targeting missile launch sites and boats near the Strait of Hormuz amid an...

Washington and Iran have presented conflicting assessments on the prospects for a peace deal. Oil prices have fallen despite the uncertainty. DW has the latest.