US, Iran Clash Near Hormuz as Response on Proposed Deal Awaited

WATCH: What we know so far about the latest US strikes on Iran and how markets are positioning.Source: Bloomberg

The US and Iran clashed near the Strait of Hormuz, an escalation that threatens to further fracture a fragile ceasefire as the two sides discuss a permanent end to the war.

US forces targeted missile and drone launch sites and other military assets in Iran that they said were responsible for attacking three US warships transiting the strait. No vessels were hit, US Central Command said. A monthlong ceasefire remains in effect, President Donald Trump said.