The exchanges between US and Iranian forces come after Donald Trump announced a mission called 'Project Freedom' to guide ships from neutral countries out of the Persian Gulf

The exchanges between US and Iranian forces come after Donald Trump announced a mission called 'Project Freedom' to guide ships from neutral countries out of the Persian Gulf

Stocks sank Tuesday with a fresh spike in Middle East tensions fanning fears over the fragile US-Iran ceasefire, with the two sides appearing to be no closer to a deal to reopen the Strait of Hormuz.

And while oil prices fell, they held most of the huge gains seen Monday after the two countries traded fire over the key waterway and the United Arab Emirates reported on an installation.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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