Tehran says time for proportionate retaliation is over after a US strike on Iranian tankers inside the blockade line.

The US and Iran traded retaliatory attacks on ships on Saturday, in the latest round of strikes since fighting flared up a week ago following a month of relative calm. The US military said it had "permanently disabled" two Iran-linked oil tankers, including one near Kharg Island, and "completely destroyed" a third in the Gulf of Oman.

U.S. forces struck three Iranian oil tankers Saturday after Iran launched ballistic missiles toward two U.S.

The US and Iran attack tankers in Strait of Hormuz, as the two sides try to exert control over the strategic waterway.

Israeli Prime Minister Benjamin Netanyahu vows Israel will complete mission of toppling Iran’s regime in his Rosh Hashanah toast Sunday. (GPO Video)

A U.S. naval blockade has done what years of financial sanctions could not, and oil markets are already reacting. Here is what zero Iranian exports could mean for gas prices at the pump and supply around the world.

The United States military said Saturday its forces had struck three Iranian crude oil carriers, after the Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles toward two US Navy warships.