Iran warned the United States on Monday not to approach or enter the Strait of Hormuz as the American military launches a new effort to “guide” stranded ships through the critical waterway

The Emirates accused Iran of its first attack during the cease-fire as the U.S. deployed warships and jets to protect vessels in the Strait of Hormuz.

Arrests and executions in Iran have been on the rise since the start of the regional war triggered by a U.S.-Israeli attack on Feb. 28.

Oil prices rose over 3% on Monday after Iran claimed it had struck a U.S. warship and forced it to turn back from entering the Strait of Hormuz, though the U.S. denied that any U.S. ships had been struck.

Gold held a loss as the US and Iran traded fire in the Persian Gulf on Monday, jeopardizing a four-week-old ceasefire and fueling inflation and rate-hike risks.

Iran's unified command told commercial ships and oil tankers to refrain from any movement that was not coordinated with Iran's military. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider,

The United States on Monday kicked off an effort to “guide” stranded ships from the Iran-gripped Strait of Hormuz, as it tries to counter