STRAIT OF HORMUZ CRISIS ESCALATES U.S. and Iranian forces exchanged missile and drone attacks as tensions over control...

STRAIT OF HORMUZ CRISIS ESCALATES U.S. and Iranian forces exchanged missile and drone attacks as tensions over control of the Strait deepened. Trump said the U.S. could become the waterway's guardian, while Iran rejected any U.S. role. Shipping traffic fell sharply and oil prices rose more than 3% amid growing supply concerns.