US Fifth Fleet targeted in Bahrain, says Iran, in latest exchange of strikes – as it happened

Per The Guardian, Iran says the U.S. Fifth Fleet in Bahrain was targeted as military exchanges intensify. The U.S. has imposed a new naval blockade on the Strait of Hormuz following American missile strikes on Iran, while President Trump has threatened strikes on Iran's power plants. Oil prices have risen to their highest level since the two nations' peace deal, and Australian economists warn that without resolution within a week, the surge could trigger a fourth interest rate hike this year.

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