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

US president says Iran has to ‘get to the table and negotiate’ as US imposes fresh naval blockade on strait of HormuzTrump again threatens to strike Iran’s power plants amid impasse over strait of HormuzResurgent oil and fuel prices could cement a fourth interest rate rise in Australia this year if Donald Trump’s renewed conflict with Iran is not resolved within a week, economists warn.US missile strikes on Iran and Trump’s announcement of a new maritime blockade has lifted oil prices to their highest point in the month since the two countries agreed to a peace deal. Continue reading...