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The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.
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The leaders discussed the need to "end the disruption to global shipping", No 10 says.
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As the conflict with Iran expands and intensifies, President Trump's options — to fight on, or to move toward declaring victory and pulling back — both carry deeply problematic consequences.
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President Trump has urged China, Britain, France, Japan and South Korea to send warships to help reopen the waterway, even though they were not involved in the U.S.-Israeli attack on Iran.
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Global oil prices have soared as one-fifth of the world's supply normally transits the strait.
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U.S. allies and rivals responded cautiously after President Donald Trump said they should police the Strait of Hormuz, as Iranian threats to strike shipping on the vital trade route continue to cause chaos in global markets."Many countries, especially those who are affected by Iran's attempted closure of the Hormuz Strait, will be sending War Ships" to secure the shipping route, he posted Saturday on Truth Social, listing China, France, Japan, South Korea, the U.K. and "others" among t
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The comment from Brendan Carr came on the heels of a social media message from President Trump criticizing the news media's coverage of the war with Iran.
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Israel says it has killed two senior Iranian intelligence officials as oil loading reportedly resumes in the UAE's Fujairah port following a fire.
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Israel announced a barrage of new strikes on western Iran on Sunday, while Iran's foreign minister says the country has not asked for a ceasefire as President Trump had claimed.
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The strikes destroyed more than 90 military targets, including missile facilities, but preserved oil infrastructure, U.S. central command said Saturday.
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