Three vessels were hit by projectiles near the Strait of Hormuz, the UK’s maritime agency said. Countries have agreed to release a record 400 million barrels of oil in an effort to stem gas prices.

The release of 400 million barrels by members of the International Energy Agency is designed to "address disruptions in oil markets stemming from the war in the Middle East".

The reports of attacks on commercial ships came after the US said it "eliminated" 16 Iranian mine-layers in the area.

Overnight Iranian attacks come as Israel unleashes new bombardment of Tehran and US targets Iran’s navy near the Strait of Hormuz.

It comes after Iran launched new attacks at its Gulf neighbours, keeping up pressure on the Middle East in a war that has ...

On day 11 of the US-Israel conflict with Iran, President Trump vows to hit Iran '20 times harder' as Gulf states face new attacks. Energy prices drop and stocks rally amid the ongoing tensions.