From BBC News.

The US and Iran have traded fire in the Strait of Hormuz but US President Donald Trump insists the ceasefire is holding.

The US Secretary of State has said he expects Iran to respond to Washington’s latest peace proposal before the end of the day.

The UAE says it has intercepted fresh missile fire and drone attacks from Iran, while Lebanon say five people have been killed by Israeli air strikes in the south of the country.

Meanwhile Hezbollah have launched missiles at a military base in northern Israel.

This comes amidst oil prices rising in response to the latest escalation in the Strait of Hormuz.

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