India, June 28 -- The fragile ceasefire between the United States and Iran came under fresh strain on Saturday after both sides exchanged military strikes, raising concerns over renewed instability in West Asia. The latest escalation also heightened tensions in the Strait of Hormuz, a critical global oil shipping route, where a commercial tanker was reportedly damaged in a projectile attack.

According to reports, the US launched fresh strikes on Iranian military targets in response to an alleged Iranian drone attack on a commercial vessel transiting the Strait of Hormuz. Iran, in turn, claimed it retaliated by targeting US-linked military positions in the Gulf, with both countries accusing each other of violating the recently brokered ce...