U.S. and Iran launch attacks on each other's interests in the Gulf

The United States and Iran launched new attacks on each other's interests in the Gulf region. President Trump backed down from a threat to impose heavy taxes on ships passing through the Strait of Hormuz.

AFP reported the developments from Tehran, Washington and Dubai. The attacks follow earlier tensions between the two countries over shipping routes in the area.

Hormuz remains a key transit point for oil shipments. Officials have not announced any new restrictions on vessel traffic following the withdrawal of the tax threat.