India, May 8 -- Tensions between the United States and Iran intensified on Friday after renewed military exchanges in and around the Strait of Hormuz triggered fears of a wider regional conflict and a major global oil supply disruption.

The Strait of Hormuz remains under heavy military activity involving both US and Iranian forces, leading to sharp spikes in global energy prices amid concerns over supply disruptions.

According to the US military's Central Command, American forces carried out strikes on Iranian military targets after Iranian forces allegedly attacked three US destroyers transiting the Strait of Hormuz on Thursday.

US President Donald Trump warned Tehran against further escalation and urged Iran to agree to a deal quickl...